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Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,454 | $98,766-71.2% | $149,730-81.0% | $79,852-64.4% |
| Participation rate | 73.6% | 75.8%-2.2pp | 82.5%-8.9pp | 69.6%+3.9pp |
| Annual return | 18.20% | 27.43%-9.2pp | 276.70%-258.5pp | 31.72%-13.5pp |
| Employer contribution / active EE | $649 | $3,217-79.8% | $4,645-86.0% | $2,471-73.7% |
| Participant deferral / active EE | $8,293 | $5,681+46.0% | $6,843+21.2% | $3,740+121.7% |
| Admin fee / account holder | $72 | $6,052-98.8% | $9,310-99.2% | $5,306-98.6% |