Filed March 18, 2019
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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 | $51,112 | $60,139-15.0% | $90,461-43.5% | $79,856-36.0% |
| Participation rate | 77.6% | 65.0%+12.6pp | 72.7%+4.9pp | 69.6%+7.9pp |
| Annual return | 28.00% | 71.96%-44.0pp | 1294.76%-1266.8pp | 31.71%-3.7pp |
| Employer contribution / active EE | $3,272 | $2,069+58.2% | $3,264+0.2% | $2,471+32.4% |
| Participant deferral / active EE | $4,146 | $2,939+41.1% | $3,964+4.6% | $3,741+10.8% |
| Admin fee / account holder | $2,018 | $3,978-49.3% | $5,617-64.1% | $5,306-62.0% |