Filed January 22, 2024
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Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,260 | $85,766-53.1% | $136,298-70.5% | $70,126-42.6% |
| Participation rate | 98.7% | 74.2%+24.6pp | 81.9%+16.8pp | 69.5%+29.2pp |
| Annual return | 17.90% | 31.46%-13.6pp | 5156.27%-5138.4pp | 73.15%-55.3pp |
| Employer contribution / active EE | $2,167 | $2,966-26.9% | $4,696-53.9% | $2,343-7.5% |
| Participant deferral / active EE | $3,893 | $5,051-22.9% | $6,247-37.7% | $3,332+16.8% |
| Admin fee / account holder | $296 | $5,421-94.5% | $9,244-96.8% | $4,645-93.6% |