Filed February 14, 2022
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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 | $23,537 | $93,598-74.9% | $135,974-82.7% | $75,173-68.7% |
| Participation rate | 98.9% | 75.2%+23.7pp | 81.9%+17.0pp | 67.2%+31.7pp |
| Annual return | 22.14% | 30.89%-8.8pp | 68.30%-46.2pp | 160.72%-138.6pp |
| Employer contribution / active EE | $3,182 | $3,538-10.1% | $4,859-34.5% | $2,671+19.1% |
| Participant deferral / active EE | $6,203 | $6,405-3.2% | $7,760-20.1% | $4,126+50.3% |
| Admin fee / account holder | $1,598 | $6,978-77.1% | $10,767-85.2% | $5,651-71.7% |