Filed March 23, 2023
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $18,934 | $93,598-79.8% | $135,974-86.1% | $75,173-74.8% |
| Participation rate | 61.5% | 75.2%-13.7pp | 81.9%-20.4pp | 67.2%-5.7pp |
| Annual return | 42.57% | 30.89%+11.7pp | 68.30%-25.7pp | 160.72%-118.1pp |
| Employer contribution / active EE | $1,611 | $3,538-54.5% | $4,859-66.8% | $2,671-39.7% |
| Participant deferral / active EE | $5,360 | $6,405-16.3% | $7,760-30.9% | $4,126+29.9% |
| Admin fee / account holder | $92 | $6,978-98.7% | $10,767-99.1% | $5,651-98.4% |