Filed December 8, 2020
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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 | $46,663 | $87,834-46.9% | $133,975-65.2% | $62,881-25.8% |
| Participation rate | 82.1% | 83.4%-1.2pp | 87.1%-4.9pp | 69.3%+12.8pp |
| Annual return | 60.54% | 12.05%+48.5pp | 29.29%+31.2pp | 20.14%+40.4pp |
| Employer contribution / active EE | $9,135 | $3,482+162.3% | $5,211+75.3% | $2,281+300.5% |
| Participant deferral / active EE | $7,478 | $4,812+55.4% | $6,282+19.0% | $3,203+133.5% |
| Admin fee / account holder | $632 | $5,372-88.2% | $9,324-93.2% | $4,296-85.3% |