Filed May 2, 2016
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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 | $48,230 | $87,834-45.1% | $133,975-64.0% | $62,881-23.3% |
| Participation rate | 96.1% | 83.4%+12.7pp | 87.1%+9.0pp | 69.3%+26.8pp |
| Annual return | 12.29% | 12.05%+0.2pp | 29.29%-17.0pp | 20.14%-7.9pp |
| Employer contribution / active EE | $4,586 | $3,482+31.7% | $5,211-12.0% | $2,281+101.1% |
| Participant deferral / active EE | $3,688 | $4,812-23.4% | $6,282-41.3% | $3,203+15.1% |
| Admin fee / account holder | $4,741 | $5,372-11.7% | $9,324-49.2% | $4,296+10.4% |