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 | $195,562 | $202,342-3.4% | $172,752+13.2% | $152,897+27.9% |
| Participation rate | 92.9% | 87.1%+5.8pp | 82.6%+10.2pp | 82.5%+10.4pp |
| Annual return | 16.31% | 1029.83%-1013.5pp | 802.97%-786.7pp | 345.43%-329.1pp |
| Employer contribution / active EE | $2,589 | $5,858-55.8% | $5,144-49.7% | $4,764-45.6% |
| Participant deferral / active EE | $4,582 | $5,948-23.0% | $5,198-11.9% | $5,851-21.7% |
| Admin fee / account holder | $3,691 | $17,111-78.4% | $13,955-73.5% | $11,599-68.2% |