Filed October 29, 2017
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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 | $73,011 | $125,797-42.0% | $170,057-57.1% | $75,177-2.9% |
| Participation rate | 96.6% | 83.6%+13.0pp | 87.0%+9.6pp | 67.2%+29.4pp |
| Annual return | 17.32% | 27.20%-9.9pp | 53.42%-36.1pp | 160.75%-143.4pp |
| Employer contribution / active EE | $2,943 | $4,616-36.3% | $6,790-56.7% | $2,671+10.2% |
| Participant deferral / active EE | $4,664 | $6,838-31.8% | $10,411-55.2% | $4,126+13.0% |
| Admin fee / account holder | $2,544 | $8,177-68.9% | $12,826-80.2% | $5,651-55.0% |