Filed April 20, 2022
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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 | $47,192 | $92,219-48.8% | $76,768-38.5% | $135,379-65.1% |
| Participation rate | 95.7% | 79.8%+15.9pp | 77.0%+18.7pp | 82.6%+13.0pp |
| Annual return | -7.52% | 5.46%-13.0pp | 2.43%-9.9pp | 519.79%-527.3pp |
| Employer contribution / active EE | $2,608 | $3,216-18.9% | $2,485+4.9% | $4,779-45.4% |
| Participant deferral / active EE | $6,367 | $4,508+41.2% | $3,852+65.3% | $5,609+13.5% |
| Admin fee / account holder | $2,071 | $10,749-80.7% | $6,675-69.0% | $10,828-80.9% |