Filed April 1, 2021
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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 | $32,399 | $85,766-62.2% | $136,298-76.2% | $70,126-53.8% |
| Participation rate | 71.6% | 74.2%-2.5pp | 81.9%-10.3pp | 69.5%+2.1pp |
| Annual return | 43.13% | 31.46%+11.7pp | 5156.27%-5113.1pp | 73.15%-30.0pp |
| Employer contribution / active EE | $2,655 | $2,966-10.5% | $4,696-43.4% | $2,343+13.4% |
| Participant deferral / active EE | $5,356 | $5,051+6.0% | $6,247-14.3% | $3,332+60.7% |
| Admin fee / account holder | $5,247 | $5,421-3.2% | $9,244-43.2% | $4,645+13.0% |