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 | $57,201 | $100,060-42.8% | $149,721-61.8% | $70,126-18.4% |
| Participation rate | 93.5% | 83.6%+10.0pp | 87.1%+6.5pp | 69.5%+24.0pp |
| Annual return | 19.94% | 27.46%-7.5pp | 1501.67%-1481.7pp | 73.15%-53.2pp |
| Employer contribution / active EE | $5,069 | $3,661+38.5% | $5,444-6.9% | $2,343+116.4% |
| Participant deferral / active EE | $4,276 | $4,982-14.2% | $6,568-34.9% | $3,332+28.3% |
| Admin fee / account holder | $2,551 | $8,285-69.2% | $11,282-77.4% | $4,645-45.1% |