Filed December 9, 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 | $75,634 | $98,766-23.4% | $149,730-49.5% | $79,852-5.3% |
| Participation rate | 97.2% | 75.8%+21.4pp | 82.5%+14.7pp | 69.6%+27.6pp |
| Annual return | 19.44% | 27.43%-8.0pp | 276.70%-257.3pp | 31.72%-12.3pp |
| Employer contribution / active EE | $4,735 | $3,217+47.2% | $4,645+1.9% | $2,471+91.6% |
| Participant deferral / active EE | $11,073 | $5,681+94.9% | $6,843+61.8% | $3,740+196.0% |
| Admin fee / account holder | $1,907 | $6,052-68.5% | $9,310-79.5% | $5,306-64.1% |