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.)
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 | $220,272 | $90,590+143.2% | $90,782+142.6% | $135,380+62.7% |
| Participation rate | 100.0% | 83.7%+16.3pp | 82.7%+17.3pp | 82.6%+17.4pp |
| Annual return | 6.45% | -3.40%+9.8pp | -3.42%+9.9pp | 519.81%-513.4pp |
| Employer contribution / active EE | $11,839 | $4,352+172.0% | $4,105+188.4% | $4,779+147.7% |
| Participant deferral / active EE | $10,413 | $5,407+92.6% | $5,366+94.1% | $5,609+85.6% |
| Admin fee / account holder | $43,919 | $7,683+471.6% | $5,908+643.4% | $10,828+305.6% |