Filed July 1, 2024
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported that benefits due were not provided when due.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $85,469 | $39,166+118.2% | $79,591+7.4% | $78,104+9.4% |
| Participation rate | 32.4% | 57.3%-25.0pp | 69.5%-37.1pp | 74.5%-42.1pp |
| Annual return | -8.08% | -9.39%+1.3pp | 0.18%-8.3pp | 10.90%-19.0pp |
| Employer contribution / active EE | $2,590 | $1,019+154.3% | $2,413+7.3% | $3,128-17.2% |
| Participant deferral / active EE | $1,611 | $2,079-22.5% | $3,986-59.6% | $5,089-68.3% |
| Admin fee / account holder | -$207 | $67-408.5% | $6,815-103.0% | $79-362.2% |