Filed April 7, 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 | $44,871 | $90,504-50.4% | $78,690-43.0% | $273,965-83.6% |
| Participation rate | 100.0% | 76.5%+23.5pp | 73.6%+26.4pp | 83.0%+17.0pp |
| Annual return | 4.65% | 75.61%-71.0pp | 62.18%-57.5pp | 41.45%-36.8pp |
| Employer contribution / active EE | $3,995 | $3,176+25.8% | $2,851+40.1% | $4,869-17.9% |
| Participant deferral / active EE | $7,179 | $3,901+84.0% | $3,517+104.1% | $5,287+35.8% |
| Admin fee / account holder | $940 | $5,263-82.1% | $4,511-79.2% | $10,132-90.7% |