Filed October 3, 2022
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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 | $177,387 | $109,359+62.2% | $162,185+9.4% | $72,976+143.1% |
| Participation rate | 92.0% | 84.3%+7.7pp | 87.6%+4.4pp | 69.5%+22.5pp |
| Annual return | 26.70% | 25.46%+1.2pp | 115.61%-88.9pp | 81.02%-54.3pp |
| Employer contribution / active EE | $13,490 | $3,907+245.3% | $5,613+140.3% | $2,440+452.9% |
| Participant deferral / active EE | $11,490 | $5,481+109.6% | $7,297+57.5% | $3,608+218.5% |
| Admin fee / account holder | $10,044 | $7,972+26.0% | $10,844-7.4% | $5,124+96.0% |