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 | $102,429+42.5% | $147,096-0.8% | $80,925+80.3% |
| Participation rate | 95.5% | 75.9%+19.6pp | 82.2%+13.3pp | 67.7%+27.8pp |
| Annual return | 17.39% | 135.02%-117.6pp | 419.75%-402.4pp | 35.65%-18.3pp |
| Employer contribution / active EE | $5,157 | $3,716+38.8% | $4,936+4.5% | $2,756+87.1% |
| Participant deferral / active EE | $10,508 | $6,649+58.0% | $8,071+30.2% | $4,299+144.4% |
| Admin fee / account holder | $3,056 | $7,957-61.6% | $13,005-76.5% | $6,940-56.0% |