Filed August 26, 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 | $95,169 | $72,273+31.7% | $101,275-6.0% | $79,856+19.2% |
| Participation rate | 100.0% | 68.5%+31.5pp | 75.8%+24.2pp | 69.6%+30.4pp |
| Annual return | 13.88% | 22.30%-8.4pp | 46.48%-32.6pp | 31.71%-17.8pp |
| Employer contribution / active EE | $19,696 | $2,691+631.9% | $3,660+438.1% | $2,471+697.0% |
| Participant deferral / active EE | $3,705 | $3,282+12.9% | $4,371-15.2% | $3,741-0.9% |
| Admin fee / account holder | $2,232 | $4,401-49.3% | $5,948-62.5% | $5,306-57.9% |