Filed November 22, 2024
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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.)
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 | $10,532 | $46,464-77.3% | $150,298-93.0% | $79,634-86.8% |
| Participation rate | 25.8% | 57.0%-31.2pp | 77.8%-52.0pp | 62.5%-36.7pp |
| Annual return | 19.74% | 27.89%-8.2pp | 62.79%-43.0pp | 36.46%-16.7pp |
| Employer contribution / active EE | $228 | $1,512-84.9% | $4,154-94.5% | $2,529-91.0% |
| Participant deferral / active EE | $706 | $2,157-67.2% | $5,453-87.0% | $3,835-81.6% |
| Admin fee / account holder | $1,600 | $891+79.7% | $14,116-88.7% | $1,002+59.7% |