Filed June 10, 2024 (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 | $70,248 | $45,082+55.8% | $69,464+1.1% | $72,975-3.7% |
| Participation rate | 43.1% | 68.5%-25.4pp | 74.6%-31.5pp | 69.5%-26.4pp |
| Annual return | 13.39% | 22.66%-9.3pp | 28.98%-15.6pp | 81.01%-67.6pp |
| Employer contribution / active EE | $0 | $2,055-100.0% | $2,779-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $1,691 | $2,604-35.0% | $3,536-52.2% | $3,608-53.1% |
| Admin fee / account holder | $22,763 | $3,057+644.6% | $3,840+492.7% | $5,124+344.2% |