Filed March 15, 2021
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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 | $237,905 | $209,422+13.6% | $178,503+33.3% | $158,982+49.6% |
| Participation rate | 100.0% | 86.4%+13.6pp | 81.9%+18.1pp | 82.0%+18.0pp |
| Annual return | 14.21% | 188.81%-174.6pp | 151.12%-136.9pp | 302.99%-288.8pp |
| Employer contribution / active EE | $6,723 | $5,707+17.8% | $5,011+34.2% | $4,763+41.1% |
| Participant deferral / active EE | $5,208 | $5,955-12.5% | $5,202+0.1% | $5,983-13.0% |
| Admin fee / account holder | $13,424 | $17,079-21.4% | $13,987-4.0% | $11,252+19.3% |