Filed November 12, 2020
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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 | $30,493 | $84,236-63.8% | $170,435-82.1% | $70,126-56.5% |
| Participation rate | 94.9% | 70.8%+24.1pp | 83.6%+11.3pp | 69.5%+25.4pp |
| Annual return | 23.30% | 23.06%+0.2pp | 205.94%-182.6pp | 73.15%-49.8pp |
| Employer contribution / active EE | $1,754 | $3,387-48.2% | $5,432-67.7% | $2,343-25.1% |
| Participant deferral / active EE | $3,411 | $3,086+10.5% | $4,939-30.9% | $3,332+2.4% |
| Admin fee / account holder | $5,570 | $5,698-2.2% | $13,881-59.9% | $4,645+19.9% |