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 | $55,992 | $76,550-26.9% | $123,894-54.8% | $62,881-11.0% |
| Participation rate | 96.9% | 73.0%+23.9pp | 81.4%+15.5pp | 69.3%+27.6pp |
| Annual return | 8.41% | 18.67%-10.3pp | 47.52%-39.1pp | 20.14%-11.7pp |
| Employer contribution / active EE | $10,372 | $2,882+259.8% | $4,617+124.7% | $2,281+354.7% |
| Participant deferral / active EE | $7,876 | $4,840+62.7% | $5,984+31.6% | $3,203+145.9% |
| Admin fee / account holder | $5,055 | $4,826+4.8% | $8,357-39.5% | $4,296+17.7% |