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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $12,274 | $277,327-95.6% | $154,108-92.0% | - |
| Participation rate | 69.7% | 62.7%+7.0pp | 83.0%-13.3pp | - |
| Annual return | -4.07% | -3.82%-0.3pp | 735.21%-739.3pp | - |
| Employer contribution / active EE | $0 | $1,922-100.0% | $5,298-100.0% | - |
| Participant deferral / active EE | $1,816 | $1,965-7.6% | $5,081-64.3% | - |
| Admin fee / account holder | $14 | $104,675-100.0% | $13,411-99.9% | - |