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 | $56,266 | $72,273-22.1% | $101,275-44.4% | $79,856-29.5% |
| Participation rate | 89.7% | 68.5%+21.2pp | 75.8%+13.8pp | 69.6%+20.0pp |
| Annual return | 13.17% | 22.30%-9.1pp | 46.48%-33.3pp | 31.71%-18.5pp |
| Employer contribution / active EE | $7,797 | $2,691+189.7% | $3,660+113.0% | $2,471+215.5% |
| Participant deferral / active EE | $3,606 | $3,282+9.9% | $4,371-17.5% | $3,741-3.6% |
| Admin fee / account holder | $5,277 | $4,401+19.9% | $5,948-11.3% | $5,306-0.6% |