Filed October 27, 2021
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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 | $55,255 | $58,234-5.1% | $81,783-32.4% | $80,874-31.7% |
| Participation rate | 72.7% | 63.4%+9.3pp | 72.4%+0.4pp | 67.6%+5.1pp |
| Annual return | 18.38% | 41.70%-23.3pp | 775.05%-756.7pp | 35.62%-17.2pp |
| Employer contribution / active EE | $5,505 | $2,341+135.1% | $2,913+89.0% | $2,756+99.8% |
| Participant deferral / active EE | $8,843 | $3,283+169.4% | $4,320+104.7% | $4,297+105.8% |
| Admin fee / account holder | $5,660 | $4,982+13.6% | $7,380-23.3% | $6,935-18.4% |