Filed January 25, 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 | $42,404 | $99,644-57.4% | $86,438-50.9% | $134,532-68.5% |
| Participation rate | 100.0% | 82.1%+17.9pp | 80.3%+19.7pp | 81.2%+18.8pp |
| Annual return | -17.36% | 6787.26%-6804.6pp | 4397.19%-4414.5pp | 418.27%-435.6pp |
| Employer contribution / active EE | $3,891 | $4,402-11.6% | $3,769+3.2% | $4,741-17.9% |
| Participant deferral / active EE | $7,873 | $7,247+8.6% | $6,952+13.2% | $6,401+23.0% |
| Admin fee / account holder | $2,799 | $8,375-66.6% | $6,733-58.4% | $11,429-75.5% |