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 | $73,652 | $91,559-19.6% | $133,971-45.0% | $79,852-7.8% |
| Participation rate | 96.7% | 73.3%+23.3pp | 79.8%+16.8pp | 69.6%+27.0pp |
| Annual return | 22.92% | 61.85%-38.9pp | 45.09%-22.2pp | 31.72%-8.8pp |
| Employer contribution / active EE | $2,555 | $2,384+7.2% | $3,919-34.8% | $2,471+3.4% |
| Participant deferral / active EE | $7,408 | $3,734+98.4% | $5,047+46.8% | $3,740+98.0% |
| Admin fee / account holder | $3,632 | $6,321-42.5% | $8,929-59.3% | $5,306-31.6% |