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 | $180,749+72.8% | $160,784+94.3% | $137,256+127.6% |
| Participation rate | 100.0% | 80.0%+20.0pp | 77.0%+23.0pp | 80.0%+20.0pp |
| Annual return | 15.11% | 2234.46%-2219.4pp | 1803.92%-1788.8pp | 220.34%-205.2pp |
| Employer contribution / active EE | $13,714 | $4,155+230.0% | $3,733+267.4% | $4,156+230.0% |
| Participant deferral / active EE | $23,298 | $6,844+240.4% | $6,293+270.2% | $6,407+263.6% |
| Admin fee / account holder | $76,501 | $10,397+635.8% | $9,717+687.3% | $12,270+523.5% |