Filed January 8, 2020
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $6,905 | $44,989-84.7% | $170,435-95.9% | $77,958-91.1% |
| Participation rate | 69.4% | 64.6%+4.8pp | 83.6%-14.2pp | 71.6%-2.3pp |
| Annual return | 22.71% | 19.61%+3.1pp | 205.94%-183.2pp | 20.87%+1.8pp |
| Employer contribution / active EE | $91 | $1,466-93.8% | $5,432-98.3% | $2,310-96.1% |
| Participant deferral / active EE | $901 | $2,208-59.2% | $4,939-81.8% | $3,537-74.5% |
| Admin fee / account holder | $2 | $69-97.7% | $13,881-100.0% | $97-98.3% |