Filed July 2, 2018
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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 | $64,531 | $60,128+7.3% | $90,440-28.6% | $79,852-19.2% |
| Participation rate | 85.7% | 65.0%+20.7pp | 72.7%+13.0pp | 69.6%+16.1pp |
| Annual return | 12.01% | 71.95%-59.9pp | 1294.38%-1282.4pp | 31.72%-19.7pp |
| Employer contribution / active EE | $888 | $2,068-57.1% | $3,263-72.8% | $2,471-64.1% |
| Participant deferral / active EE | $3,745 | $2,939+27.4% | $3,964-5.5% | $3,740+0.1% |
| Admin fee / account holder | $6,936 | $3,977+74.4% | $5,615+23.5% | $5,306+30.7% |