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 | $183,310 | $167,362+9.5% | $143,799+27.5% | $134,532+36.3% |
| Participation rate | 93.3% | 84.8%+8.5pp | 80.3%+13.0pp | 81.2%+12.1pp |
| Annual return | -14.71% | 0.47%-15.2pp | -0.04%-14.7pp | 418.27%-433.0pp |
| Employer contribution / active EE | $2,921 | $5,620-48.0% | $4,952-41.0% | $4,741-38.4% |
| Participant deferral / active EE | $4,788 | $6,447-25.7% | $5,638-15.1% | $6,401-25.2% |
| Admin fee / account holder | $7,616 | $18,094-57.9% | $14,677-48.1% | $11,429-33.4% |