Filed October 17, 2018
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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 | $44,848 | $85,766-47.7% | $136,298-67.1% | $70,126-36.0% |
| Participation rate | 97.4% | 74.2%+23.3pp | 81.9%+15.5pp | 69.5%+27.9pp |
| Annual return | 25.49% | 31.46%-6.0pp | 5156.27%-5130.8pp | 73.15%-47.7pp |
| Employer contribution / active EE | $6,190 | $2,966+108.7% | $4,696+31.8% | $2,343+164.2% |
| Participant deferral / active EE | $7,129 | $5,051+41.1% | $6,247+14.1% | $3,332+114.0% |
| Admin fee / account holder | $2,806 | $5,421-48.2% | $9,244-69.6% | $4,645-39.6% |