Filed August 3, 2023
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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 | $23,538 | $63,346-62.8% | $92,240-74.5% | $70,126-66.4% |
| Participation rate | 100.0% | 68.7%+31.3pp | 76.5%+23.5pp | 69.5%+30.5pp |
| Annual return | 19.89% | 530.19%-510.3pp | 176.29%-156.4pp | 73.15%-53.3pp |
| Employer contribution / active EE | $3,207 | $2,471+29.8% | $3,680-12.8% | $2,343+36.9% |
| Participant deferral / active EE | $1,655 | $2,854-42.0% | $3,897-57.5% | $3,332-50.3% |
| Admin fee / account holder | $1,656 | $3,841-56.9% | $5,194-68.1% | $4,645-64.3% |