Filed November 4, 2016 (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 | $32,685 | $45,566-28.3% | $64,105-49.0% | $59,633-45.2% |
| Participation rate | 58.7% | 60.2%-1.5pp | 68.2%-9.5pp | 68.7%-10.0pp |
| Annual return | -1.13% | 4.95%-6.1pp | 791.24%-792.4pp | 2041.45%-2042.6pp |
| Employer contribution / active EE | $1,137 | $934+21.7% | $1,820-37.5% | $2,203-48.4% |
| Participant deferral / active EE | $2,364 | $2,057+15.0% | $2,822-16.2% | $3,192-25.9% |
| Admin fee / account holder | $366 | $3,268-88.8% | $4,499-91.9% | $4,297-91.5% |