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 | $33,025 | $138,076-76.1% | $123,553-73.3% | $135,380-75.6% |
| Participation rate | 100.0% | 84.7%+15.3pp | 82.3%+17.7pp | 82.6%+17.4pp |
| Annual return | -9.65% | 153.70%-163.4pp | 119.21%-128.9pp | 519.81%-529.5pp |
| Employer contribution / active EE | $3,341 | $5,152-35.1% | $4,628-27.8% | $4,779-30.1% |
| Participant deferral / active EE | $8,966 | $6,800+31.9% | $6,426+39.5% | $5,609+59.8% |
| Admin fee / account holder | $1,356 | $10,917-87.6% | $9,284-85.4% | $10,828-87.5% |