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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $16,333 | $78,682-79.2% | $109,188-85.0% | $85,851-81.0% |
| Participation rate | 85.7% | 68.3%+17.4pp | 75.9%+9.8pp | 69.3%+16.4pp |
| Annual return | 17.71% | 25.09%-7.4pp | 25.76%-8.0pp | 318.63%-300.9pp |
| Employer contribution / active EE | $1,762 | $2,734-35.5% | $3,723-52.7% | $2,565-31.3% |
| Participant deferral / active EE | $2,267 | $3,468-34.6% | $4,654-51.3% | $3,952-42.6% |
| Admin fee / account holder | $766 | $5,470-86.0% | $6,755-88.7% | $6,261-87.8% |