Filed January 4, 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 | $30,507 | $56,134-45.7% | $96,171-68.3% | $85,847-64.5% |
| Participation rate | 97.0% | 56.7%+40.3pp | 68.4%+28.5pp | 69.3%+27.7pp |
| Annual return | 44.90% | 42.30%+2.6pp | 192.04%-147.1pp | 318.61%-273.7pp |
| Employer contribution / active EE | $5,152 | $1,620+218.0% | $2,799+84.1% | $2,565+100.9% |
| Participant deferral / active EE | $7,156 | $2,858+150.4% | $4,350+64.5% | $3,952+81.1% |
| Admin fee / account holder | $1,654 | $3,769-56.1% | $5,538-70.1% | $6,261-73.6% |