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 | $119,938 | $118,496+1.2% | $98,461+21.8% | $139,466-14.0% |
| Participation rate | 100.0% | 77.5%+22.5pp | 75.2%+24.8pp | 80.3%+19.7pp |
| Annual return | 36.17% | 18.96%+17.2pp | 21.17%+15.0pp | 373.66%-337.5pp |
| Employer contribution / active EE | $6,905 | $3,611+91.3% | $3,049+126.5% | $4,754+45.3% |
| Participant deferral / active EE | $7,994 | $5,393+48.2% | $4,738+68.7% | $6,712+19.1% |
| Admin fee / account holder | $8,707 | $14,056-38.1% | $8,961-2.8% | $11,409-23.7% |