Filed December 16, 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 | $40,610 | $81,504-50.2% | $102,437-60.4% | $80,959-49.8% |
| Participation rate | 91.9% | 66.9%+25.1pp | 74.5%+17.4pp | 67.7%+24.3pp |
| Annual return | 35.34% | 25.60%+9.7pp | 24.95%+10.4pp | 35.67%-0.3pp |
| Employer contribution / active EE | $3,253 | $3,104+4.8% | $3,871-16.0% | $2,757+18.0% |
| Participant deferral / active EE | $5,449 | $3,871+40.8% | $5,060+7.7% | $4,300+26.7% |
| Admin fee / account holder | $540 | $6,719-92.0% | $8,388-93.6% | $6,925-92.2% |