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 | $58,311-5.2% | $81,882-32.5% | $80,959-31.7% |
| Participation rate | 72.7% | 63.5%+9.2pp | 72.4%+0.3pp | 67.7%+5.1pp |
| Annual return | 18.38% | 41.85%-23.5pp | 779.47%-761.1pp | 35.67%-17.3pp |
| Employer contribution / active EE | $5,505 | $2,347+134.6% | $2,916+88.8% | $2,757+99.7% |
| Participant deferral / active EE | $8,843 | $3,287+169.0% | $4,323+104.5% | $4,300+105.6% |
| Admin fee / account holder | $5,660 | $4,752+19.1% | $7,360-23.1% | $6,925-18.3% |