Filed January 31, 2024 (most recent of 2 filings on file)
Total covered: 466 employees
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $165,783 | $111,064+49.3% | $67,652+145.1% | $69,651+138.0% |
| Participation rate | 57.6% | 86.0%-28.4pp | 75.7%-18.0pp | 66.6%-8.9pp |
| Annual return | 4.74% | 2.77%+2.0pp | 6625.40%-6620.7pp | 53.77%-49.0pp |
| Employer contribution / active EE | $188 | $3,328-94.3% | $2,266-91.7% | $2,241-91.6% |
| Participant deferral / active EE | $5,675 | $6,396-11.3% | $3,560+59.4% | $3,635+56.1% |
| Admin fee / account holder | $0 | $72-100.0% | $4,821-100.0% | $63-100.0% |