Filed October 3, 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 | $181,225 | $102,385+77.0% | $147,080+23.2% | $80,935+123.9% |
| Participation rate | 74.4% | 75.9%-1.5pp | 82.2%-7.8pp | 67.7%+6.7pp |
| Annual return | 13.38% | 135.09%-121.7pp | 420.17%-406.8pp | 35.66%-22.3pp |
| Employer contribution / active EE | $8,118 | $3,717+118.4% | $4,933+64.6% | $2,757+194.5% |
| Participant deferral / active EE | $10,104 | $6,651+51.9% | $8,066+25.3% | $4,299+135.0% |
| Admin fee / account holder | $35,283 | $7,951+343.7% | $12,989+171.6% | $6,924+409.5% |