Filed September 29, 2022
Total covered: 2 employees
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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 | $139,987 | $94,031+48.9% | $115,768+20.9% | $82,448+69.8% |
| Participation rate | 100.0% | 70.4%+29.6pp | 74.4%+25.6pp | 68.1%+31.9pp |
| Annual return | 17.73% | 20.61%-2.9pp | 100.46%-82.7pp | 41.64%-23.9pp |
| Employer contribution / active EE | $4,938 | $2,323+112.5% | $2,940+68.0% | $2,551+93.6% |
| Participant deferral / active EE | $6,099 | $3,972+53.6% | $4,917+24.0% | $4,139+47.3% |
| Admin fee / account holder | $1,022 | $10,249-90.0% | $12,439-91.8% | $7,234-85.9% |