Filed March 4, 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 | $94,158 | $54,541+72.6% | $78,778+19.5% | $70,124+34.3% |
| Participation rate | 100.0% | 60.8%+39.2pp | 69.2%+30.8pp | 69.5%+30.5pp |
| Annual return | 14.79% | 21.07%-6.3pp | 35.62%-20.8pp | 73.14%-58.4pp |
| Employer contribution / active EE | $4,708 | $1,089+332.5% | $1,986+137.1% | $2,342+101.0% |
| Participant deferral / active EE | $3,323 | $2,210+50.4% | $2,958+12.3% | $3,332-0.3% |
| Admin fee / account holder | $3,306 | $3,709-10.9% | $5,134-35.6% | $4,645-28.8% |