Filed October 4, 2018 (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 | $41,519 | $56,894-27.0% | $84,753-51.0% | $62,881-34.0% |
| Participation rate | 28.6% | 68.5%-40.0pp | 76.6%-48.0pp | 69.3%-40.7pp |
| Annual return | 9.44% | 6.30%+3.1pp | 22.78%-13.3pp | 20.14%-10.7pp |
| Employer contribution / active EE | $1,427 | $2,400-40.5% | $3,574-60.1% | $2,281-37.4% |
| Participant deferral / active EE | $1,696 | $2,709-37.4% | $3,712-54.3% | $3,203-47.1% |
| Admin fee / account holder | $1,059 | $3,581-70.4% | $5,333-80.2% | $4,296-75.4% |