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 | $145,625 | $62,672+132.4% | $185,117-21.3% | $70,126+107.7% |
| Participation rate | 80.0% | 63.8%+16.2pp | 77.3%+2.7pp | 69.5%+10.5pp |
| Annual return | 17.28% | 40.79%-23.5pp | 40.50%-23.2pp | 73.15%-55.9pp |
| Employer contribution / active EE | $3,101 | $1,753+76.9% | $4,182-25.8% | $2,343+32.4% |
| Participant deferral / active EE | $7,746 | $3,272+136.8% | $5,045+53.5% | $3,332+132.5% |
| Admin fee / account holder | $5,757 | $3,932+46.4% | $8,159-29.4% | $4,645+23.9% |