Filed July 11, 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 | $79,123 | $85,766-7.7% | $136,297-41.9% | $70,131+12.8% |
| Participation rate | 96.2% | 74.2%+22.1pp | 81.9%+14.3pp | 69.5%+26.7pp |
| Annual return | 21.15% | 31.45%-10.3pp | 5156.16%-5135.0pp | 73.14%-52.0pp |
| Employer contribution / active EE | $3,036 | $2,966+2.4% | $4,696-35.3% | $2,342+29.6% |
| Participant deferral / active EE | $6,020 | $5,051+19.2% | $6,247-3.6% | $3,332+80.7% |
| Admin fee / account holder | $1,222 | $5,420-77.5% | $9,244-86.8% | $4,645-73.7% |