Filed January 6, 2023 (most recent of 2 filings on file)
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,395 | $84,936-33.6% | $111,303-49.3% | $79,393-29.0% |
| Participation rate | 60.5% | 75.9%-15.4pp | 77.3%-16.9pp | 70.7%-10.3pp |
| Annual return | 13.72% | 17.45%-3.7pp | 54.66%-40.9pp | 116.87%-103.2pp |
| Employer contribution / active EE | $618 | $1,979-68.8% | $2,731-77.4% | $2,428-74.5% |
| Participant deferral / active EE | $3,848 | $3,888-1.0% | $4,487-14.2% | $4,046-4.9% |
| Admin fee / account holder | $495 | $537-7.8% | $7,966-93.8% | $627-21.0% |