Filed February 28, 2023
Total covered: 6 employees
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,595 | $51,769+22.8% | $57,349+10.9% | $52,331+21.5% |
| Participation rate | 56.0% | 75.2%-19.2pp | 75.1%-19.0pp | 68.1%-12.1pp |
| Annual return | 2.19% | 2.43%-0.2pp | 24.40%-22.2pp | 4.54%-2.4pp |
| Employer contribution / active EE | $2,577 | $2,335+10.3% | $2,689-4.2% | $1,882+36.9% |
| Participant deferral / active EE | $2,652 | $2,794-5.1% | $3,162-16.1% | $3,022-12.2% |
| Admin fee / account holder | $0 | $295-100.0% | $3,356-100.0% | $592-100.0% |