Filed December 21, 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 | $92,246 | $32,037+187.9% | $69,182+33.3% | $62,881+46.7% |
| Participation rate | 93.1% | 43.4%+49.7pp | 55.1%+38.0pp | 69.3%+23.8pp |
| Annual return | 8.04% | 15.16%-7.1pp | -21.93%+30.0pp | 20.14%-12.1pp |
| Employer contribution / active EE | $4,080 | $679+500.7% | $1,206+238.3% | $2,281+78.9% |
| Participant deferral / active EE | $8,629 | $1,185+628.0% | $1,897+354.9% | $3,203+169.4% |
| Admin fee / account holder | $4,780 | $2,608+83.3% | $2,697+77.3% | $4,296+11.3% |