Filed November 17, 2017
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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).
Assets per participant exceed $250,000 - top-decile high-value plan.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $312,329 | $208,088+50.1% | $186,193+67.7% | $154,746+101.8% |
| Participation rate | 100.0% | 80.0%+20.0pp | 77.1%+22.9pp | 80.7%+19.3pp |
| Annual return | 15.11% | 89.97%-74.9pp | 78.03%-62.9pp | 172.34%-157.2pp |
| Employer contribution / active EE | $13,714 | $4,340+216.0% | $3,918+250.0% | $4,379+213.2% |
| Participant deferral / active EE | $23,298 | $7,078+229.2% | $6,513+257.7% | $6,730+246.2% |
| Admin fee / account holder | $76,501 | $11,698+553.9% | $11,058+591.8% | $14,365+432.5% |