Filed August 31, 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 | $132,891 | $115,796+14.8% | $101,264+31.2% | $158,950-16.4% |
| Participation rate | 100.0% | 79.4%+20.6pp | 75.8%+24.2pp | 82.0%+18.0pp |
| Annual return | 17.57% | 56.15%-38.6pp | 46.48%-28.9pp | 302.91%-285.3pp |
| Employer contribution / active EE | $5,919 | $4,175+41.8% | $3,660+61.7% | $4,762+24.3% |
| Participant deferral / active EE | $11,073 | $4,958+123.3% | $4,370+153.4% | $5,983+85.1% |
| Admin fee / account holder | $2,027 | $7,247-72.0% | $5,947-65.9% | $11,248-82.0% |