Filed July 10, 2024
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $201,012 | $88,583+126.9% | $88,497+127.1% | $273,972-26.6% |
| Participation rate | 100.0% | 83.5%+16.5pp | 82.4%+17.6pp | 83.0%+17.0pp |
| Annual return | 2.84% | 5.68%-2.8pp | 7.63%-4.8pp | 41.46%-38.6pp |
| Employer contribution / active EE | $8,033 | $4,502+78.4% | $4,036+99.0% | $4,869+65.0% |
| Participant deferral / active EE | $6,109 | $4,891+24.9% | $4,899+24.7% | $5,287+15.5% |
| Admin fee / account holder | $782 | $8,980-91.3% | $6,220-87.4% | $10,133-92.3% |