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Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,249 | $58,311-46.4% | $81,882-61.8% | $80,959-61.4% |
| Participation rate | 100.0% | 63.5%+36.5pp | 72.4%+27.6pp | 67.7%+32.3pp |
| Annual return | 15.41% | 41.85%-26.4pp | 779.47%-764.1pp | 35.67%-20.3pp |
| Employer contribution / active EE | $2,920 | $2,347+24.5% | $2,916+0.2% | $2,757+5.9% |
| Participant deferral / active EE | $4,986 | $3,287+51.7% | $4,323+15.3% | $4,300+15.9% |
| Admin fee / account holder | $21 | $4,752-99.6% | $7,360-99.7% | $6,925-99.7% |