Filed October 30, 2020 (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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $63,697 | $65,027-2.0% | $90,970-30.0% | $79,852-20.2% |
| Participation rate | 22.2% | 61.6%-39.4pp | 69.0%-46.8pp | 69.6%-47.4pp |
| Annual return | 25.00% | 30.45%-5.5pp | 134.58%-109.6pp | 31.72%-6.7pp |
| Employer contribution / active EE | $0 | $1,247-100.0% | $2,122-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $780 | $2,512-69.0% | $3,373-76.9% | $3,740-79.2% |
| Admin fee / account holder | $434 | $4,535-90.4% | $5,960-92.7% | $5,306-91.8% |