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 | $58,947 | $98,776-40.3% | $149,745-60.6% | $79,856-26.2% |
| Participation rate | 100.0% | 75.8%+24.2pp | 82.5%+17.5pp | 69.6%+30.4pp |
| Annual return | 34.20% | 27.38%+6.8pp | 276.72%-242.5pp | 31.71%+2.5pp |
| Employer contribution / active EE | $8,270 | $3,217+157.1% | $4,646+78.0% | $2,471+234.7% |
| Participant deferral / active EE | $8,672 | $5,681+52.6% | $6,843+26.7% | $3,741+131.8% |
| Admin fee / account holder | $2,487 | $6,053-58.9% | $9,312-73.3% | $5,306-53.1% |