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 | $69,517 | $86,298-19.4% | $111,308-37.5% | $85,847-19.0% |
| Participation rate | 87.3% | 73.3%+13.9pp | 77.3%+10.0pp | 69.3%+18.0pp |
| Annual return | 26.30% | 19.99%+6.3pp | 54.67%-28.4pp | 318.61%-292.3pp |
| Employer contribution / active EE | $3,464 | $2,044+69.5% | $2,732+26.8% | $2,565+35.0% |
| Participant deferral / active EE | $8,647 | $3,641+137.5% | $4,487+92.7% | $3,952+118.8% |
| Admin fee / account holder | $18,361 | $8,189+124.2% | $7,965+130.5% | $6,261+193.3% |