Filed February 22, 2021
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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 | $80,434 | $67,602+19.0% | $82,312-2.3% | $70,126+14.7% |
| Participation rate | 81.8% | 72.8%+9.0pp | 76.9%+4.9pp | 69.5%+12.3pp |
| Annual return | 14.05% | 21.57%-7.5pp | 25.88%-11.8pp | 73.15%-59.1pp |
| Employer contribution / active EE | $3,030 | $1,755+72.7% | $2,428+24.8% | $2,343+29.4% |
| Participant deferral / active EE | $2,678 | $2,987-10.3% | $3,706-27.7% | $3,332-19.6% |
| Admin fee / account holder | $4,639 | $4,512+2.8% | $5,608-17.3% | $4,645-0.1% |