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 | $106,864-75.9% | $147,318-82.5% | $82,637-68.8% |
| Participation rate | 100.0% | 75.5%+24.5pp | 82.1%+17.9pp | 68.1%+31.9pp |
| Annual return | 29.11% | 27.49%+1.6pp | 70.43%-41.3pp | 53.51%-24.4pp |
| Employer contribution / active EE | $4,150 | $3,417+21.5% | $4,593-9.6% | $2,552+62.6% |
| Participant deferral / active EE | $5,730 | $6,496-11.8% | $7,906-27.5% | $4,126+38.9% |
| Admin fee / account holder | $1,532 | $8,415-81.8% | $13,708-88.8% | $7,339-79.1% |