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.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,191 | $69,383-29.1% | $101,275-51.4% | $73,497-33.1% |
| Participation rate | 87.2% | 68.4%+18.8pp | 75.8%+11.3pp | 70.7%+16.5pp |
| Annual return | 17.24% | 18.46%-1.2pp | 46.48%-29.2pp | 28.51%-11.3pp |
| Employer contribution / active EE | $2,649 | $2,628+0.8% | $3,660-27.6% | $2,270+16.7% |
| Participant deferral / active EE | $5,856 | $3,301+77.4% | $4,371+34.0% | $3,740+56.6% |
| Admin fee / account holder | $3,134 | $704+345.3% | $5,948-47.3% | $513+510.8% |