Filed April 8, 2019 (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.)
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 | $15,752 | $91,559-82.8% | $133,971-88.2% | $79,852-80.3% |
| Participation rate | 53.1% | 73.3%-20.2pp | 79.8%-26.7pp | 69.6%-16.5pp |
| Annual return | 144.76% | 61.85%+82.9pp | 45.09%+99.7pp | 31.72%+113.0pp |
| Employer contribution / active EE | $1,089 | $2,384-54.3% | $3,919-72.2% | $2,471-55.9% |
| Participant deferral / active EE | $2,375 | $3,734-36.4% | $5,047-52.9% | $3,740-36.5% |
| Admin fee / account holder | $1,247 | $6,321-80.3% | $8,929-86.0% | $5,306-76.5% |