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 | $32,535 | $69,977-53.5% | $108,582-70.0% | $62,881-48.3% |
| Participation rate | 75.3% | 72.9%+2.4pp | 79.6%-4.2pp | 69.3%+6.0pp |
| Annual return | 13.65% | 10.73%+2.9pp | -51.70%+65.3pp | 20.14%-6.5pp |
| Employer contribution / active EE | $0 | $2,135-100.0% | $3,758-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $2,583 | $3,165-18.4% | $4,311-40.1% | $3,203-19.4% |
| Admin fee / account holder | $1,535 | $5,076-69.8% | $7,645-79.9% | $4,296-64.3% |