Filed January 20, 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 | $130,364 | $148,629-12.3% | $135,982-4.1% | $139,487-6.5% |
| Participation rate | 100.0% | 83.9%+16.1pp | 81.9%+18.1pp | 80.3%+19.7pp |
| Annual return | 110.67% | 79.33%+31.3pp | 68.32%+42.3pp | 373.84%-263.2pp |
| Employer contribution / active EE | $6,860 | $5,247+30.8% | $4,859+41.2% | $4,755+44.3% |
| Participant deferral / active EE | $11,225 | $8,102+38.5% | $7,760+44.6% | $6,713+67.2% |
| Admin fee / account holder | $746 | $12,406-94.0% | $10,767-93.1% | $11,407-93.5% |