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 | $77,490 | $80,992-4.3% | $96,534-19.7% | $75,173+3.1% |
| Participation rate | 90.4% | 71.8%+18.6pp | 76.0%+14.4pp | 67.2%+23.2pp |
| Annual return | 20.00% | 27.05%-7.1pp | 25.88%-5.9pp | 160.72%-140.7pp |
| Employer contribution / active EE | $1,977 | $2,283-13.4% | $2,965-33.3% | $2,671-26.0% |
| Participant deferral / active EE | $8,112 | $3,929+106.4% | $4,851+67.2% | $4,126+96.6% |
| Admin fee / account holder | $6,575 | $6,717-2.1% | $8,253-20.3% | $5,651+16.4% |