Filed May 25, 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 | $36,316 | $65,367-44.4% | $92,915-60.9% | $72,976-50.2% |
| Participation rate | 78.6% | 68.3%+10.3pp | 76.0%+2.6pp | 69.5%+9.1pp |
| Annual return | 21.61% | 42.11%-20.5pp | 109.45%-87.8pp | 81.02%-59.4pp |
| Employer contribution / active EE | $1,804 | $2,594-30.4% | $3,653-50.6% | $2,440-26.1% |
| Participant deferral / active EE | $3,549 | $3,128+13.5% | $4,238-16.3% | $3,608-1.6% |
| Admin fee / account holder | $1,377 | $4,251-67.6% | $5,796-76.2% | $5,124-73.1% |