Filed April 28, 2020
Total covered: 6 employees
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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 | $44,180 | $65,367-32.4% | $92,915-52.5% | $72,976-39.5% |
| Participation rate | 88.9% | 68.3%+20.6pp | 76.0%+12.9pp | 69.5%+19.4pp |
| Annual return | 22.33% | 42.11%-19.8pp | 109.45%-87.1pp | 81.02%-58.7pp |
| Employer contribution / active EE | $2,598 | $2,594+0.2% | $3,653-28.9% | $2,440+6.5% |
| Participant deferral / active EE | $5,379 | $3,128+71.9% | $4,238+26.9% | $3,608+49.1% |
| Admin fee / account holder | $2,764 | $4,251-35.0% | $5,796-52.3% | $5,124-46.1% |