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 | $150,167 | $73,978+103.0% | $96,515+55.6% | $75,173+99.8% |
| Participation rate | 89.5% | 66.4%+23.0pp | 74.3%+15.1pp | 67.2%+22.3pp |
| Annual return | 16.28% | 26.72%-10.4pp | 35.73%-19.4pp | 160.72%-144.4pp |
| Employer contribution / active EE | $9,191 | $2,931+213.6% | $3,740+145.8% | $2,671+244.1% |
| Participant deferral / active EE | $2,676 | $3,660-26.9% | $4,880-45.2% | $4,126-35.1% |
| Admin fee / account holder | $8,403 | $5,219+61.0% | $6,735+24.8% | $5,651+48.7% |