Filed March 9, 2020
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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 | $172,420 | $154,228+11.8% | $145,433+18.6% | $137,256+25.6% |
| Participation rate | 94.1% | 83.8%+10.3pp | 82.1%+12.0pp | 80.0%+14.2pp |
| Annual return | 14.71% | 74.59%-59.9pp | 66.58%-51.9pp | 220.34%-205.6pp |
| Employer contribution / active EE | $12,370 | $4,804+157.5% | $4,554+171.6% | $4,156+197.7% |
| Participant deferral / active EE | $12,104 | $8,216+47.3% | $7,897+53.3% | $6,407+88.9% |
| Admin fee / account holder | $23,681 | $14,344+65.1% | $13,129+80.4% | $12,270+93.0% |