Filed June 22, 2021
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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 | $139,560 | $95,383+46.3% | $185,837-24.9% | $85,856+62.6% |
| Participation rate | 87.1% | 68.8%+18.3pp | 81.7%+5.4pp | 69.3%+17.8pp |
| Annual return | 20.29% | 23.59%-3.3pp | 122.08%-101.8pp | 318.58%-298.3pp |
| Employer contribution / active EE | $7,299 | $3,313+120.3% | $5,168+41.2% | $2,565+184.5% |
| Participant deferral / active EE | $6,048 | $3,423+76.7% | $5,568+8.6% | $3,952+53.0% |
| Admin fee / account holder | $46,109 | $7,213+539.3% | $16,241+183.9% | $6,261+636.5% |