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 | $77,460-42.0% | $100,378-55.2% | $80,925-44.5% |
| Participation rate | 93.5% | 76.9%+16.6pp | 81.5%+12.0pp | 67.7%+25.8pp |
| Annual return | 14.72% | 37.24%-22.5pp | 49.41%-34.7pp | 35.65%-20.9pp |
| Employer contribution / active EE | $2,114 | $2,801-24.5% | $3,942-46.4% | $2,756-23.3% |
| Participant deferral / active EE | $8,649 | $6,818+26.9% | $8,087+7.0% | $4,299+101.2% |
| Admin fee / account holder | $1,753 | $5,887-70.2% | $7,899-77.8% | $6,940-74.7% |