Filed March 13, 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 | $46,170 | $77,817-40.7% | $123,553-62.6% | $64,173-28.1% |
| Participation rate | 80.0% | 74.7%+5.3pp | 82.3%-2.3pp | 69.6%+10.4pp |
| Annual return | -6.82% | 12.49%-19.3pp | 119.21%-126.0pp | 7.63%-14.5pp |
| Employer contribution / active EE | $2,181 | $3,014-27.6% | $4,628-52.9% | $2,381-8.4% |
| Participant deferral / active EE | $4,184 | $5,240-20.1% | $6,426-34.9% | $3,470+20.6% |
| Admin fee / account holder | $1,804 | $5,519-67.3% | $9,284-80.6% | $4,887-63.1% |