Filed January 13, 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 | $94,413 | $148,629-36.5% | $135,982-30.6% | $139,487-32.3% |
| Participation rate | 80.0% | 83.9%-3.9pp | 81.9%-1.9pp | 80.3%-0.3pp |
| Annual return | 21.72% | 79.33%-57.6pp | 68.32%-46.6pp | 373.84%-352.1pp |
| Employer contribution / active EE | $1,752 | $5,247-66.6% | $4,859-63.9% | $4,755-63.2% |
| Participant deferral / active EE | $3,490 | $8,102-56.9% | $7,760-55.0% | $6,713-48.0% |
| Admin fee / account holder | $1,551 | $12,406-87.5% | $10,767-85.6% | $11,407-86.4% |