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 | $46,500 | $63,082-26.3% | $81,716-43.1% | $79,852-41.8% |
| Participation rate | 94.2% | 67.5%+26.7pp | 72.0%+22.2pp | 69.6%+24.6pp |
| Annual return | 11.60% | 22.66%-11.1pp | 29.49%-17.9pp | 31.72%-20.1pp |
| Employer contribution / active EE | $2,056 | $1,795+14.5% | $4,310-52.3% | $2,471-16.8% |
| Participant deferral / active EE | $4,018 | $2,780+44.5% | $7,108-43.5% | $3,740+7.4% |
| Admin fee / account holder | $3,261 | $4,428-26.4% | $5,159-36.8% | $5,306-38.5% |