Filed March 29, 2016
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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 | $31,350 | $89,370-64.9% | $141,197-77.8% | $72,976-57.0% |
| Participation rate | 80.3% | 75.1%+5.2pp | 82.5%-2.2pp | 69.5%+10.8pp |
| Annual return | 29.54% | 111.88%-82.3pp | 71.41%-41.9pp | 81.02%-51.5pp |
| Employer contribution / active EE | $3,235 | $3,115+3.9% | $4,736-31.7% | $2,440+32.6% |
| Participant deferral / active EE | $5,778 | $5,419+6.6% | $6,710-13.9% | $3,608+60.2% |
| Admin fee / account holder | $1,466 | $5,957-75.4% | $10,265-85.7% | $5,124-71.4% |