Filed June 25, 2020 (most recent of 3 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 | $22,296 | $95,188-76.6% | $76,518-70.9% | $135,380-83.5% |
| Participation rate | 41.7% | 74.4%-32.7pp | 68.0%-26.3pp | 82.6%-41.0pp |
| Annual return | -10.10% | 4.85%-15.0pp | -0.27%-9.8pp | 519.81%-529.9pp |
| Employer contribution / active EE | $1,611 | $3,303-51.2% | $2,647-39.1% | $4,779-66.3% |
| Participant deferral / active EE | $3,199 | $4,640-31.0% | $3,836-16.6% | $5,609-43.0% |
| Admin fee / account holder | $1,320 | $6,249-78.9% | $4,849-72.8% | $10,828-87.8% |