Filed May 8, 2019
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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 | $128,005 | $92,798+37.9% | $96,707+32.4% | $137,256-6.7% |
| Participation rate | 100.0% | 81.6%+18.4pp | 80.4%+19.6pp | 80.0%+20.0pp |
| Annual return | 18.55% | 31.24%-12.7pp | 34.78%-16.2pp | 220.34%-201.8pp |
| Employer contribution / active EE | $16,375 | $4,147+294.8% | $4,191+290.7% | $4,156+294.0% |
| Participant deferral / active EE | $14,247 | $5,877+142.4% | $5,997+137.6% | $6,407+122.4% |
| Admin fee / account holder | $33,605 | $7,946+322.9% | $7,503+347.9% | $12,270+173.9% |