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 | $58,848-4.6% | $88,179-36.3% | $82,637-32.0% |
| Participation rate | 54.8% | 57.9%-3.1pp | 69.1%-14.4pp | 68.1%-13.3pp |
| Annual return | 16.53% | 22.76%-6.2pp | 64.97%-48.4pp | 53.51%-37.0pp |
| Employer contribution / active EE | $1,356 | $1,678-19.2% | $2,549-46.8% | $2,552-46.9% |
| Participant deferral / active EE | $4,175 | $3,124+33.6% | $4,614-9.5% | $4,126+1.2% |
| Admin fee / account holder | $12,173 | $4,795+153.9% | $7,673+58.6% | $7,339+65.9% |