Filed August 11, 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 | $69,872 | $67,602+3.4% | $82,312-15.1% | $70,126-0.4% |
| Participation rate | 88.7% | 72.8%+15.9pp | 76.9%+11.8pp | 69.5%+19.2pp |
| Annual return | 18.44% | 21.57%-3.1pp | 25.88%-7.4pp | 73.15%-54.7pp |
| Employer contribution / active EE | $1,860 | $1,755+6.0% | $2,428-23.4% | $2,343-20.6% |
| Participant deferral / active EE | $2,634 | $2,987-11.8% | $3,706-28.9% | $3,332-20.9% |
| Admin fee / account holder | $2,613 | $4,512-42.1% | $5,608-53.4% | $4,645-43.8% |