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 | $69,000 | $102,828-32.9% | $105,387-34.5% | $152,909-54.9% |
| Participation rate | 100.0% | 83.8%+16.2pp | 82.6%+17.4pp | 82.5%+17.5pp |
| Annual return | 24.10% | 20.85%+3.2pp | 26.82%-2.7pp | 345.46%-321.4pp |
| Employer contribution / active EE | $17,822 | $4,473+298.5% | $4,213+323.0% | $4,764+274.1% |
| Participant deferral / active EE | $8,936 | $5,465+63.5% | $5,502+62.4% | $5,851+52.7% |
| Admin fee / account holder | $3,708 | $8,683-57.3% | $6,559-43.5% | $11,601-68.0% |