Filed January 24, 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 | $25,773 | $106,749-75.9% | $145,433-82.3% | $82,448-68.7% |
| Participation rate | 100.0% | 75.6%+24.4pp | 82.1%+17.9pp | 68.1%+31.9pp |
| Annual return | 29.11% | 27.59%+1.5pp | 66.58%-37.5pp | 41.64%-12.5pp |
| Employer contribution / active EE | $4,150 | $3,444+20.5% | $4,554-8.9% | $2,551+62.7% |
| Participant deferral / active EE | $5,730 | $6,519-12.1% | $7,897-27.4% | $4,139+38.4% |
| Admin fee / account holder | $1,532 | $8,390-81.7% | $13,129-88.3% | $7,234-78.8% |