Filed January 21, 2020
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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 | $28,398 | $65,704-56.8% | $94,229-69.9% | $59,633-52.4% |
| Participation rate | 76.7% | 72.1%+4.6pp | 78.8%-2.1pp | 68.7%+8.0pp |
| Annual return | -1.36% | 5.22%-6.6pp | 10.68%-12.0pp | 2041.45%-2042.8pp |
| Employer contribution / active EE | $855 | $2,021-57.7% | $3,587-76.2% | $2,203-61.2% |
| Participant deferral / active EE | $2,433 | $3,143-22.6% | $4,320-43.7% | $3,192-23.8% |
| Admin fee / account holder | $3,028 | $4,265-29.0% | $6,269-51.7% | $4,297-29.5% |