Filed November 10, 2020 (most recent of 2 filings on file)
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $48,357 | $46,688+3.6% | $189,758-74.5% | $69,733-30.7% |
| Participation rate | 34.2% | 61.7%-27.5pp | 79.8%-45.6pp | 62.5%-28.2pp |
| Annual return | 11.91% | 14.35%-2.4pp | 52.62%-40.7pp | 15.22%-3.3pp |
| Employer contribution / active EE | $0 | $1,695-100.0% | $4,767-100.0% | $2,250-100.0% |
| Participant deferral / active EE | $2,350 | $2,143+9.7% | $5,856-59.9% | $3,054-23.0% |
| Admin fee / account holder | $6,413 | $1,700+277.1% | $20,388-68.5% | $3,102+106.7% |