Filed April 8, 2016
Total covered: 4 employees
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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 | $39,172 | $43,075-9.1% | $74,577-47.5% | $62,881-37.7% |
| Participation rate | 100.0% | 58.1%+41.9pp | 68.1%+31.9pp | 69.3%+30.7pp |
| Annual return | 8.13% | 17.50%-9.4pp | 20.47%-12.3pp | 20.14%-12.0pp |
| Employer contribution / active EE | $6,002 | $1,498+300.8% | $2,525+137.7% | $2,281+163.1% |
| Participant deferral / active EE | $3,460 | $2,389+44.8% | $3,458+0.1% | $3,203+8.0% |
| Admin fee / account holder | $915 | $2,840-67.8% | $4,138-77.9% | $4,296-78.7% |