Filed December 9, 2014
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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 | $41,443 | $54,763-24.3% | $90,324-54.1% | $72,976-43.2% |
| Participation rate | 86.8% | 65.2%+21.7pp | 73.3%+13.6pp | 69.5%+17.4pp |
| Annual return | 23.10% | 30.63%-7.5pp | 78.15%-55.0pp | 81.02%-57.9pp |
| Employer contribution / active EE | $1,755 | $2,093-16.2% | $2,856-38.5% | $2,440-28.1% |
| Participant deferral / active EE | $4,378 | $2,887+51.6% | $3,885+12.7% | $3,608+21.4% |
| Admin fee / account holder | $998 | $3,973-74.9% | $5,356-81.4% | $5,124-80.5% |