Filed October 28, 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 | $52,390 | $83,485-37.2% | $125,180-58.1% | $72,983-28.2% |
| Participation rate | 100.0% | 73.3%+26.7pp | 79.8%+20.2pp | 69.5%+30.5pp |
| Annual return | 27.34% | 25.78%+1.6pp | 43.79%-16.4pp | 81.01%-53.7pp |
| Employer contribution / active EE | $4,333 | $2,346+84.7% | $3,866+12.1% | $2,440+77.6% |
| Participant deferral / active EE | $6,661 | $3,586+85.8% | $4,937+34.9% | $3,608+84.6% |
| Admin fee / account holder | $498 | $5,518-91.0% | $9,703-94.9% | $5,124-90.3% |