Filed April 9, 2019
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $152,048 | $154,228-1.4% | $145,433+4.5% | $137,256+10.8% |
| Participation rate | 100.0% | 83.8%+16.2pp | 82.1%+17.9pp | 80.0%+20.0pp |
| Annual return | 11.93% | 74.59%-62.7pp | 66.58%-54.6pp | 220.34%-208.4pp |
| Employer contribution / active EE | $6,921 | $4,804+44.1% | $4,554+52.0% | $4,156+66.5% |
| Participant deferral / active EE | $19,273 | $8,216+134.6% | $7,897+144.0% | $6,407+200.8% |
| Admin fee / account holder | $16,026 | $14,344+11.7% | $13,129+22.1% | $12,270+30.6% |