Filed August 14, 2024
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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 | $99,002 | $88,778+11.5% | $81,844+21.0% | $145,884-32.1% |
| Participation rate | 87.0% | 75.1%+11.9pp | 72.4%+14.6pp | 80.3%+6.7pp |
| Annual return | 14.69% | 1033.03%-1018.3pp | 778.87%-764.2pp | 551.85%-537.2pp |
| Employer contribution / active EE | $6,271 | $3,087+103.2% | $2,916+115.0% | $4,662+34.5% |
| Participant deferral / active EE | $8,772 | $4,648+88.7% | $4,323+102.9% | $6,690+31.1% |
| Admin fee / account holder | $14,679 | $8,430+74.1% | $7,355+99.6% | $13,392+9.6% |