Filed April 29, 2015
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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 | $42,230 | $98,766-57.2% | $149,730-71.8% | $79,852-47.1% |
| Participation rate | 100.0% | 75.8%+24.2pp | 82.5%+17.5pp | 69.6%+30.4pp |
| Annual return | 18.52% | 27.43%-8.9pp | 276.70%-258.2pp | 31.72%-13.2pp |
| Employer contribution / active EE | $5,569 | $3,217+73.1% | $4,645+19.9% | $2,471+125.4% |
| Participant deferral / active EE | $4,240 | $5,681-25.4% | $6,843-38.0% | $3,740+13.4% |
| Admin fee / account holder | $2,444 | $6,052-59.6% | $9,310-73.7% | $5,306-53.9% |