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 | $32,107 | $49,896-35.7% | $80,627-60.2% | $75,173-57.3% |
| Participation rate | 88.5% | 55.3%+33.1pp | 67.0%+21.4pp | 67.2%+21.3pp |
| Annual return | 18.16% | 34.67%-16.5pp | 936.76%-918.6pp | 160.72%-142.6pp |
| Employer contribution / active EE | $1,303 | $1,699-23.3% | $2,723-52.1% | $2,671-51.2% |
| Participant deferral / active EE | $7,692 | $2,992+157.1% | $4,443+73.1% | $4,126+86.4% |
| Admin fee / account holder | $4,031 | $3,578+12.7% | $5,381-25.1% | $5,651-28.7% |