Filed July 28, 2017
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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 | $63,741 | $56,894+12.0% | $84,753-24.8% | $62,881+1.4% |
| Participation rate | 95.9% | 68.5%+27.4pp | 76.6%+19.3pp | 69.3%+26.6pp |
| Annual return | 6.34% | 6.30%0pp | 22.78%-16.4pp | 20.14%-13.8pp |
| Employer contribution / active EE | $5,248 | $2,400+118.7% | $3,574+46.8% | $2,281+130.1% |
| Participant deferral / active EE | $4,259 | $2,709+57.2% | $3,712+14.7% | $3,203+33.0% |
| Admin fee / account holder | $3,979 | $3,581+11.1% | $5,333-25.4% | $4,296-7.4% |