Filed July 19, 2018
Total covered: 6 employees
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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 | $138,926 | $103,392+34.4% | $87,104+59.5% | $152,897-9.1% |
| Participation rate | 86.4% | 79.4%+7.0pp | 76.9%+9.5pp | 82.5%+3.9pp |
| Annual return | 31.08% | 28.10%+3.0pp | 28.19%+2.9pp | 345.43%-314.3pp |
| Employer contribution / active EE | $2,615 | $3,221-18.8% | $2,521+3.7% | $4,764-45.1% |
| Participant deferral / active EE | $8,555 | $4,778+79.0% | $4,048+111.3% | $5,851+46.2% |
| Admin fee / account holder | $2,717 | $12,194-77.7% | $7,491-63.7% | $11,599-76.6% |