Filed June 17, 2024 (most recent of 2 filings on file)
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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 | $58,058 | $64,716-10.3% | $112,258-48.3% | $68,495-15.2% |
| Participation rate | 63.3% | 67.2%-3.9pp | 75.1%-11.8pp | 67.9%-4.6pp |
| Annual return | -15.22% | -11.40%-3.8pp | 27.47%-42.7pp | -7.84%-7.4pp |
| Employer contribution / active EE | $1,726 | $2,746-37.1% | $3,636-52.5% | $2,596-33.5% |
| Participant deferral / active EE | $4,011 | $3,565+12.5% | $4,728-15.2% | $4,028-0.4% |
| Admin fee / account holder | $1,782 | $5,232-65.9% | $6,411-72.2% | $5,403-67.0% |