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 | $148,501 | $56,484+162.9% | $169,452-12.4% | $64,173+131.4% |
| Participation rate | 76.5% | 64.5%+11.9pp | 77.8%-1.3pp | 69.6%+6.9pp |
| Annual return | -6.66% | -1.55%-5.1pp | 1.83%-8.5pp | 7.63%-14.3pp |
| Employer contribution / active EE | $8,722 | $1,832+376.0% | $4,157+109.8% | $2,381+266.4% |
| Participant deferral / active EE | $3,319 | $3,448-3.7% | $5,277-37.1% | $3,470-4.4% |
| Admin fee / account holder | $5,086 | $4,174+21.9% | $9,110-44.2% | $4,887+4.1% |