Filed May 27, 2020
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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 | $67,717 | $75,832-10.7% | $147,617-54.1% | $59,633+13.6% |
| Participation rate | 74.0% | 71.6%+2.5pp | 84.6%-10.6pp | 68.7%+5.4pp |
| Annual return | 8.52% | 0.37%+8.1pp | 61.98%-53.5pp | 2041.45%-2032.9pp |
| Employer contribution / active EE | $3,073 | $3,485-11.8% | $5,564-44.8% | $2,203+39.5% |
| Participant deferral / active EE | $4,950 | $3,131+58.1% | $4,895+1.1% | $3,192+55.1% |
| Admin fee / account holder | $2,289 | $5,986-61.8% | $11,612-80.3% | $4,297-46.7% |