Filed December 7, 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 | $71,340 | $76,551-6.8% | $123,894-42.4% | $62,881+13.5% |
| Participation rate | 96.4% | 73.0%+23.4pp | 81.4%+15.0pp | 69.3%+27.1pp |
| Annual return | 10.96% | 18.68%-7.7pp | 47.52%-36.6pp | 20.14%-9.2pp |
| Employer contribution / active EE | $5,190 | $2,882+80.1% | $4,617+12.4% | $2,281+127.6% |
| Participant deferral / active EE | $6,649 | $4,840+37.4% | $5,984+11.1% | $3,203+107.6% |
| Admin fee / account holder | $511 | $4,826-89.4% | $8,357-93.9% | $4,296-88.1% |