Filed July 19, 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 | $56,117 | $72,272-22.4% | $101,264-44.6% | $79,858-29.7% |
| Participation rate | 100.0% | 68.5%+31.5pp | 75.8%+24.2pp | 69.6%+30.4pp |
| Annual return | 10.07% | 22.30%-12.2pp | 46.48%-36.4pp | 31.72%-21.6pp |
| Employer contribution / active EE | $5,832 | $2,692+116.7% | $3,660+59.3% | $2,471+136.0% |
| Participant deferral / active EE | $5,637 | $3,282+71.8% | $4,370+29.0% | $3,740+50.7% |
| Admin fee / account holder | $9,680 | $4,401+120.0% | $5,947+62.8% | $5,306+82.4% |