Filed March 23, 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 | $73,902 | $52,678+40.3% | $75,784-2.5% | $59,633+23.9% |
| Participation rate | 78.4% | 67.2%+11.2pp | 75.8%+2.6pp | 68.7%+9.7pp |
| Annual return | -0.71% | 2.95%-3.7pp | 9.68%-10.4pp | 2041.40%-2042.1pp |
| Employer contribution / active EE | $2,102 | $2,193-4.2% | $3,323-36.8% | $2,203-4.6% |
| Participant deferral / active EE | $2,873 | $2,591+10.9% | $3,652-21.3% | $3,192-10.0% |
| Admin fee / account holder | $2,721 | $3,610-24.6% | $5,300-48.7% | $4,297-36.7% |