Filed June 22, 2021
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $102,435 | $73,848+38.7% | $143,799-28.8% | $68,486+49.6% |
| Participation rate | 74.5% | 66.7%+7.8pp | 80.3%-5.8pp | 67.9%+6.6pp |
| Annual return | -20.36% | 0.91%-21.3pp | -0.04%-20.3pp | -7.85%-12.5pp |
| Employer contribution / active EE | $6,657 | $3,184+109.1% | $4,952+34.4% | $2,597+156.4% |
| Participant deferral / active EE | $4,453 | $3,385+31.6% | $5,638-21.0% | $4,028+10.6% |
| Admin fee / account holder | $3,596 | $5,755-37.5% | $14,677-75.5% | $5,404-33.5% |