Filed August 15, 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 | $44,927 | $77,472-42.0% | $100,415-55.3% | $80,959-44.5% |
| Participation rate | 93.5% | 76.9%+16.6pp | 81.5%+12.0pp | 67.7%+25.8pp |
| Annual return | 14.72% | 37.26%-22.5pp | 49.47%-34.8pp | 35.67%-20.9pp |
| Employer contribution / active EE | $2,114 | $2,800-24.5% | $3,943-46.4% | $2,757-23.3% |
| Participant deferral / active EE | $8,649 | $6,818+26.9% | $8,091+6.9% | $4,300+101.1% |
| Admin fee / account holder | $1,753 | $5,885-70.2% | $7,906-77.8% | $6,925-74.7% |