Filed January 12, 2024
Total covered: 6 employees
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant 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 | $13,202 | $81,276-83.8% | $155,574-91.5% | $80,925-83.7% |
| Participation rate | 42.1% | 66.2%-24.1pp | 78.2%-36.1pp | 67.7%-25.6pp |
| Annual return | 21.86% | 33.36%-11.5pp | 64.87%-43.0pp | 35.65%-13.8pp |
| Employer contribution / active EE | $0 | $3,103-100.0% | $4,676-100.0% | $2,756-100.0% |
| Participant deferral / active EE | $2,268 | $3,453-34.3% | $5,629-59.7% | $4,299-47.2% |
| Admin fee / account holder | $56 | $7,993-99.3% | $15,914-99.7% | $6,940-99.2% |