Filed January 31, 2024 (most recent of 2 filings on file)
Total covered: 466 employees
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $50,813 | $111,064-54.2% | $67,652-24.9% | $69,651-27.0% |
| Participation rate | 78.6% | 86.0%-7.4pp | 75.7%+2.9pp | 66.6%+12.0pp |
| Annual return | -2.29% | 2.77%-5.1pp | 6625.40%-6627.7pp | 53.77%-56.1pp |
| Employer contribution / active EE | $1,376 | $3,328-58.6% | $2,266-39.3% | $2,241-38.6% |
| Participant deferral / active EE | $2,650 | $6,396-58.6% | $3,560-25.6% | $3,635-27.1% |
| Admin fee / account holder | $0 | $72-100.0% | $4,821-100.0% | $63-100.0% |