Filed November 7, 2019
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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 | $145,921 | $102,422+42.5% | $147,117-0.8% | $80,959+80.2% |
| Participation rate | 95.5% | 75.9%+19.6pp | 82.2%+13.3pp | 67.7%+27.8pp |
| Annual return | 17.39% | 135.16%-117.8pp | 420.54%-403.1pp | 35.67%-18.3pp |
| Employer contribution / active EE | $5,157 | $3,717+38.7% | $4,932+4.5% | $2,757+87.0% |
| Participant deferral / active EE | $10,508 | $6,652+58.0% | $8,065+30.3% | $4,300+144.4% |
| Admin fee / account holder | $3,056 | $7,953-61.6% | $12,993-76.5% | $6,925-55.9% |