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 | $51,328 | $89,652-42.7% | $141,197-63.6% | $65,186-21.3% |
| Participation rate | 100.0% | 74.7%+25.3pp | 82.5%+17.5pp | 70.2%+29.8pp |
| Annual return | 33.41% | 32.79%+0.6pp | 71.41%-38.0pp | 29.39%+4.0pp |
| Employer contribution / active EE | $11,652 | $3,065+280.2% | $4,736+146.0% | $2,177+435.3% |
| Participant deferral / active EE | $10,564 | $5,691+85.6% | $6,710+57.4% | $3,514+200.6% |
| Admin fee / account holder | $4,513 | $569+693.9% | $10,265-56.0% | $847+432.7% |