Filed July 5, 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 | $23,662 | $78,015-69.7% | $178,505-86.7% | $80,959-70.8% |
| Participation rate | 96.9% | 65.7%+31.2pp | 77.1%+19.8pp | 67.7%+29.2pp |
| Annual return | 17.26% | 18.10%-0.8pp | 27.16%-9.9pp | 35.67%-18.4pp |
| Employer contribution / active EE | $3,443 | $2,281+50.9% | $3,955-12.9% | $2,757+24.9% |
| Participant deferral / active EE | $2,494 | $4,406-43.4% | $6,280-60.3% | $4,300-42.0% |
| Admin fee / account holder | $422 | $7,160-94.1% | $10,428-96.0% | $6,925-93.9% |