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 | $40,788 | $89,652-54.5% | $141,177-71.1% | $65,185-37.4% |
| Participation rate | 70.5% | 74.7%-4.2pp | 82.5%-11.9pp | 70.2%+0.3pp |
| Annual return | 25.61% | 32.79%-7.2pp | 71.40%-45.8pp | 29.38%-3.8pp |
| Employer contribution / active EE | $2,563 | $3,065-16.4% | $4,736-45.9% | $2,177+17.7% |
| Participant deferral / active EE | $5,100 | $5,691-10.4% | $6,710-24.0% | $3,514+45.1% |
| Admin fee / account holder | $1,653 | $569+190.8% | $10,263-83.9% | $847+95.1% |