Filed July 1, 2024
Participant 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.
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 | $2,552 | $39,973-93.6% | $79,591-96.8% | $77,906-96.7% |
| Participation rate | 74.8% | 64.6%+10.2pp | 69.5%+5.3pp | 73.7%+1.1pp |
| Annual return | -14.81% | 3.42%-18.2pp | 0.18%-15.0pp | 12.16%-27.0pp |
| Employer contribution / active EE | $577 | $1,088-47.0% | $2,413-76.1% | $2,846-79.7% |
| Participant deferral / active EE | $0 | $2,774-100.0% | $3,986-100.0% | $4,805-100.0% |
| Admin fee / account holder | -$6 | $113-105.1% | $6,815-100.1% | $133-104.3% |