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 | $81,485 | $99,345-18.0% | $84,753-3.9% | $273,972-70.3% |
| Participation rate | 100.0% | 80.7%+19.3pp | 76.6%+23.4pp | 83.0%+17.0pp |
| Annual return | 6.37% | 22.93%-16.6pp | 22.78%-16.4pp | 41.46%-35.1pp |
| Employer contribution / active EE | $3,726 | $4,214-11.6% | $3,574+4.2% | $4,869-23.5% |
| Participant deferral / active EE | $5,366 | $4,270+25.7% | $3,712+44.6% | $5,287+1.5% |
| Admin fee / account holder | $7,551 | $6,645+13.6% | $5,333+41.6% | $10,133-25.5% |