Filed August 10, 2023 (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 | $149,584 | $83,485+79.2% | $125,192+19.5% | $72,975+105.0% |
| Participation rate | 67.6% | 73.3%-5.7pp | 79.8%-12.2pp | 69.5%-1.9pp |
| Annual return | 20.79% | 25.77%-5.0pp | 43.79%-23.0pp | 81.01%-60.2pp |
| Employer contribution / active EE | $3,677 | $2,346+56.8% | $3,866-4.9% | $2,440+50.7% |
| Participant deferral / active EE | $6,460 | $3,586+80.1% | $4,937+30.8% | $3,608+79.1% |
| Admin fee / account holder | $1,672 | $5,518-69.7% | $9,704-82.8% | $5,124-67.4% |