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 | $59,731 | $89,370-33.2% | $141,197-57.7% | $72,976-18.2% |
| Participation rate | 86.0% | 75.1%+10.9pp | 82.5%+3.6pp | 69.5%+16.6pp |
| Annual return | 20.65% | 111.88%-91.2pp | 71.41%-50.8pp | 81.02%-60.4pp |
| Employer contribution / active EE | $2,591 | $3,115-16.8% | $4,736-45.3% | $2,440+6.2% |
| Participant deferral / active EE | $4,796 | $5,419-11.5% | $6,710-28.5% | $3,608+32.9% |
| Admin fee / account holder | $3,133 | $5,957-47.4% | $10,265-69.5% | $5,124-38.9% |