Filed April 30, 2021
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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 | $29,832 | $45,152-33.9% | $73,836-59.6% | $59,633-50.0% |
| Participation rate | 98.8% | 64.0%+34.7pp | 73.4%+25.3pp | 68.7%+30.1pp |
| Annual return | 0.95% | 27.40%-26.5pp | 2268.06%-2267.1pp | 2041.45%-2040.5pp |
| Employer contribution / active EE | $2,584 | $1,901+35.9% | $2,787-7.3% | $2,203+17.3% |
| Participant deferral / active EE | $5,440 | $2,573+111.4% | $3,583+51.8% | $3,192+70.4% |
| Admin fee / account holder | $2,299 | $3,515-34.6% | $4,882-52.9% | $4,297-46.5% |