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 | $33,280 | $48,364-31.2% | $71,796-53.6% | $62,881-47.1% |
| Participation rate | 66.7% | 60.6%+6.0pp | 69.1%-2.4pp | 69.3%-2.6pp |
| Annual return | 6.79% | 13.16%-6.4pp | 78.04%-71.3pp | 20.14%-13.4pp |
| Employer contribution / active EE | $1,174 | $1,042+12.7% | $1,924-39.0% | $2,281-48.5% |
| Participant deferral / active EE | $2,425 | $2,091+15.9% | $2,794-13.2% | $3,203-24.3% |
| Admin fee / account holder | $776 | $3,771-79.4% | $4,815-83.9% | $4,296-81.9% |