Filed April 3, 2019
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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 | $65,719 | $56,287+16.8% | $80,977-18.8% | $62,881+4.5% |
| Participation rate | 83.3% | 68.9%+14.4pp | 75.8%+7.5pp | 69.3%+14.0pp |
| Annual return | 15.45% | 22.13%-6.7pp | 17.11%-1.7pp | 20.14%-4.7pp |
| Employer contribution / active EE | $2,771 | $1,943+42.6% | $3,715-25.4% | $2,281+21.5% |
| Participant deferral / active EE | $6,283 | $4,196+49.8% | $5,696+10.3% | $3,203+96.2% |
| Admin fee / account holder | $2,236 | $3,742-40.3% | $5,517-59.5% | $4,296-48.0% |