Filed August 11, 2021
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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 | $43,982 | $73,787-40.4% | $98,716-55.4% | $82,448-46.7% |
| Participation rate | 91.7% | 61.4%+30.3pp | 69.3%+22.4pp | 68.1%+23.6pp |
| Annual return | 14.36% | 18.57%-4.2pp | 31.81%-17.5pp | 41.64%-27.3pp |
| Employer contribution / active EE | $1,172 | $1,511-22.5% | $2,279-48.6% | $2,551-54.1% |
| Participant deferral / active EE | $3,758 | $3,081+21.9% | $4,048-7.2% | $4,139-9.2% |
| Admin fee / account holder | $2,568 | $6,500-60.5% | $8,703-70.5% | $7,234-64.5% |