Filed March 25, 2021 (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.)
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $365,650 | $73,638+396.5% | $95,960+281.0% | $73,493+397.5% |
| Participation rate | 15.3% | 76.2%-60.8pp | 77.1%-61.7pp | 70.7%-55.3pp |
| Annual return | 10.60% | 16.78%-6.2pp | 91.63%-81.0pp | 28.51%-17.9pp |
| Employer contribution / active EE | $1,204 | $1,863-35.4% | $2,541-52.6% | $2,270-47.0% |
| Participant deferral / active EE | $3,554 | $3,617-1.7% | $4,167-14.7% | $3,740-5.0% |
| Admin fee / account holder | $1,505 | $482+212.2% | $6,797-77.9% | $513+193.3% |