Filed July 6, 2018
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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 | $44,684 | $89,370-50.0% | $141,197-68.4% | $72,976-38.8% |
| Participation rate | 97.4% | 75.1%+22.2pp | 82.5%+14.9pp | 69.5%+27.9pp |
| Annual return | 34.05% | 111.88%-77.8pp | 71.41%-37.4pp | 81.02%-47.0pp |
| Employer contribution / active EE | $8,336 | $3,115+167.6% | $4,736+76.0% | $2,440+241.6% |
| Participant deferral / active EE | $7,545 | $5,419+39.2% | $6,710+12.4% | $3,608+109.1% |
| Admin fee / account holder | $1,044 | $5,957-82.5% | $10,265-89.8% | $5,124-79.6% |