Filed February 19, 2020 (most recent of 2 filings on file)
Total covered: 3 employees
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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.)
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 | $56,162 | $57,590-2.5% | $86,233-34.9% | $82,448-31.9% |
| Participation rate | 54.8% | 57.9%-3.1pp | 69.0%-14.3pp | 68.1%-13.3pp |
| Annual return | 16.53% | 22.41%-5.9pp | 61.39%-44.9pp | 41.64%-25.1pp |
| Employer contribution / active EE | $1,356 | $1,655-18.1% | $2,504-45.9% | $2,551-46.8% |
| Participant deferral / active EE | $4,175 | $3,080+35.5% | $4,559-8.4% | $4,139+0.9% |
| Admin fee / account holder | $12,173 | $4,730+157.3% | $8,342+45.9% | $7,234+68.3% |