Filed May 3, 2023
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $165,364 | $180,459-8.4% | $154,108+7.3% | $135,380+22.1% |
| Participation rate | 93.3% | 87.4%+5.9pp | 83.0%+10.3pp | 82.6%+10.7pp |
| Annual return | -7.97% | 888.21%-896.2pp | 735.21%-743.2pp | 519.81%-527.8pp |
| Employer contribution / active EE | $5,966 | $6,035-1.1% | $5,298+12.6% | $4,779+24.9% |
| Participant deferral / active EE | $3,573 | $5,806-38.5% | $5,081-29.7% | $5,609-36.3% |
| Admin fee / account holder | $2,684 | $16,145-83.4% | $13,411-80.0% | $10,828-75.2% |