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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $76,133 | $54,357+40.1% | $82,706-7.9% | $68,495+11.2% |
| Participation rate | 86.8% | 63.9%+22.9pp | 72.6%+14.3pp | 67.9%+19.0pp |
| Annual return | -20.10% | -13.67%-6.4pp | 701.76%-721.9pp | -7.84%-12.3pp |
| Employer contribution / active EE | $3,376 | $2,218+52.2% | $3,007+12.2% | $2,596+30.0% |
| Participant deferral / active EE | $7,662 | $3,246+136.0% | $4,394+74.4% | $4,028+90.2% |
| Admin fee / account holder | $3,447 | $4,396-21.6% | $5,329-35.3% | $5,403-36.2% |