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 | $202,774 | $72,027+181.5% | $185,835+9.1% | $79,852+153.9% |
| Participation rate | 85.3% | 65.8%+19.5pp | 78.0%+7.3pp | 69.6%+15.7pp |
| Annual return | 13.93% | 23.13%-9.2pp | 35.96%-22.0pp | 31.72%-17.8pp |
| Employer contribution / active EE | $3,030 | $1,965+54.2% | $4,087-25.9% | $2,471+22.6% |
| Participant deferral / active EE | $8,648 | $3,780+128.8% | $5,633+53.5% | $3,740+131.2% |
| Admin fee / account holder | $9,128 | $4,513+102.3% | $9,502-3.9% | $5,306+72.0% |