Filed August 22, 2016 (most recent of 9 filings on file)
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $62,988 | $64,324-2.1% | $118,914-47.0% | $79,859-21.1% |
| Participation rate | 86.7% | 64.9%+21.8pp | 75.4%+11.3pp | 69.6%+17.0pp |
| Annual return | 8.83% | 86.45%-77.6pp | 35.89%-27.1pp | 31.71%-22.9pp |
| Employer contribution / active EE | $1,708 | $1,836-7.0% | $3,264-47.7% | $2,471-30.9% |
| Participant deferral / active EE | $3,505 | $2,824+24.1% | $4,266-17.8% | $3,741-6.3% |
| Admin fee / account holder | $348 | $4,040-91.4% | $6,582-94.7% | $5,307-93.4% |