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 | $52,829 | $57,140-7.5% | $85,240-38.0% | $80,959-34.7% |
| Participation rate | 53.6% | 56.4%-2.8pp | 67.5%-14.0pp | 67.7%-14.1pp |
| Annual return | 13.86% | 21.71%-7.9pp | 66.75%-52.9pp | 35.67%-21.8pp |
| Employer contribution / active EE | $1,642 | $1,802-8.8% | $2,735-40.0% | $2,757-40.4% |
| Participant deferral / active EE | $4,420 | $3,115+41.9% | $4,527-2.4% | $4,300+2.8% |
| Admin fee / account holder | $2,712 | $4,992-45.7% | $6,165-56.0% | $6,925-60.8% |