Filed October 26, 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 | $89,162 | $124,425-28.3% | $112,040-20.4% | $137,256-35.0% |
| Participation rate | 88.2% | 79.3%+8.9pp | 76.5%+11.7pp | 80.0%+8.3pp |
| Annual return | 10.93% | 24.72%-13.8pp | 24.52%-13.6pp | 220.34%-209.4pp |
| Employer contribution / active EE | $3,177 | $3,411-6.9% | $2,954+7.5% | $4,156-23.6% |
| Participant deferral / active EE | $9,169 | $5,718+60.3% | $5,098+79.9% | $6,407+43.1% |
| Admin fee / account holder | $1,585 | $15,207-89.6% | $12,098-86.9% | $12,270-87.1% |