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 | $221,907 | $209,422+6.0% | $178,503+24.3% | $158,982+39.6% |
| Participation rate | 92.9% | 86.4%+6.5pp | 81.9%+10.9pp | 82.0%+10.9pp |
| Annual return | 12.36% | 188.81%-176.5pp | 151.12%-138.8pp | 302.99%-290.6pp |
| Employer contribution / active EE | $2,460 | $5,707-56.9% | $5,011-50.9% | $4,763-48.3% |
| Participant deferral / active EE | $4,378 | $5,955-26.5% | $5,202-15.8% | $5,983-26.8% |
| Admin fee / account holder | $5,533 | $17,079-67.6% | $13,987-60.4% | $11,252-50.8% |