Filed January 27, 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 | $53,451 | $89,370-40.2% | $141,197-62.1% | $72,976-26.8% |
| Participation rate | 92.5% | 75.1%+17.4pp | 82.5%+10.0pp | 69.5%+23.0pp |
| Annual return | 22.38% | 111.88%-89.5pp | 71.41%-49.0pp | 81.02%-58.6pp |
| Employer contribution / active EE | $2,143 | $3,115-31.2% | $4,736-54.8% | $2,440-12.2% |
| Participant deferral / active EE | $7,943 | $5,419+46.6% | $6,710+18.4% | $3,608+120.2% |
| Admin fee / account holder | $9,965 | $5,957+67.3% | $10,265-2.9% | $5,124+94.5% |