Filed October 13, 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).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $150,856 | $85,171+77.1% | $172,753-12.7% | $72,976+106.7% |
| Participation rate | 95.0% | 70.1%+24.9pp | 82.6%+12.4pp | 69.5%+25.5pp |
| Annual return | 26.64% | 27.32%-0.7pp | 803.00%-776.4pp | 81.02%-54.4pp |
| Employer contribution / active EE | $15,359 | $3,324+362.1% | $5,144+198.6% | $2,440+529.5% |
| Participant deferral / active EE | $14,645 | $3,260+349.2% | $5,198+181.8% | $3,608+305.9% |
| Admin fee / account holder | $355 | $5,880-94.0% | $13,956-97.5% | $5,124-93.1% |