Filed July 1, 2020
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $8,680 | $55,449-84.3% | $83,831-89.6% | $56,289-84.6% |
| Participation rate | 92.1% | 68.0%+24.1pp | 76.1%+16.0pp | 69.9%+22.3pp |
| Annual return | -0.29% | -1.38%+1.1pp | 850.99%-851.3pp | -9.96%+9.7pp |
| Employer contribution / active EE | $980 | $2,430-59.7% | $3,631-73.0% | $2,111-53.6% |
| Participant deferral / active EE | $1,828 | $2,935-37.7% | $4,082-55.2% | $3,350-45.4% |
| Admin fee / account holder | $865 | $656+31.8% | $5,479-84.2% | $521+66.0% |