Filed April 2, 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 | $153,954 | $93,589+64.5% | $135,942+13.3% | $75,181+104.8% |
| Participation rate | 73.7% | 75.2%-1.5pp | 81.9%-8.2pp | 67.2%+6.5pp |
| Annual return | 17.45% | 30.90%-13.4pp | 68.28%-50.8pp | 160.69%-143.2pp |
| Employer contribution / active EE | $3,506 | $3,537-0.9% | $4,858-27.8% | $2,671+31.3% |
| Participant deferral / active EE | $12,101 | $6,405+88.9% | $7,759+56.0% | $4,126+193.3% |
| Admin fee / account holder | $13,795 | $6,977+97.7% | $10,764+28.2% | $5,650+144.2% |