Filed January 16, 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 | $122,743 | $56,054+119.0% | $171,082-28.3% | $62,881+95.2% |
| Participation rate | 87.5% | 62.9%+24.6pp | 76.7%+10.8pp | 69.3%+18.2pp |
| Annual return | 7.79% | 22.52%-14.7pp | 32.56%-24.8pp | 20.14%-12.4pp |
| Employer contribution / active EE | $3,258 | $1,731+88.2% | $4,002-18.6% | $2,281+42.8% |
| Participant deferral / active EE | $8,281 | $3,158+162.2% | $4,797+72.6% | $3,203+158.5% |
| Admin fee / account holder | $3,814 | $3,647+4.6% | $8,520-55.2% | $4,296-11.2% |