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 | $69,109 | $63,346+9.1% | $92,240-25.1% | $70,126-1.5% |
| Participation rate | 100.0% | 68.7%+31.3pp | 76.5%+23.5pp | 69.5%+30.5pp |
| Annual return | 14.00% | 530.19%-516.2pp | 176.29%-162.3pp | 73.15%-59.1pp |
| Employer contribution / active EE | $3,373 | $2,471+36.5% | $3,680-8.3% | $2,343+44.0% |
| Participant deferral / active EE | $3,148 | $2,854+10.3% | $3,897-19.2% | $3,332-5.5% |
| Admin fee / account holder | $3,267 | $3,841-14.9% | $5,194-37.1% | $4,645-29.7% |