Filed November 17, 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 | $41,551 | $54,162-23.3% | $68,612-39.4% | $64,173-35.3% |
| Participation rate | 93.2% | 68.1%+25.2pp | 72.2%+21.0pp | 69.6%+23.7pp |
| Annual return | 9.95% | -1.62%+11.6pp | -4.63%+14.6pp | 7.63%+2.3pp |
| Employer contribution / active EE | $2,235 | $1,846+21.1% | $2,625-14.9% | $2,381-6.1% |
| Participant deferral / active EE | $4,429 | $2,626+68.6% | $3,311+33.8% | $3,470+27.6% |
| Admin fee / account holder | $2,809 | $4,029-30.3% | $5,131-45.3% | $4,887-42.5% |