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 | $18,082 | $81,870-77.9% | $119,622-84.9% | $68,486-73.6% |
| Participation rate | 68.9% | 71.9%-3.0pp | 79.3%-10.4pp | 67.9%+1.0pp |
| Annual return | -12.76% | -23.82%+11.1pp | -14.98%+2.2pp | -7.85%-4.9pp |
| Employer contribution / active EE | $1,611 | $2,692-40.1% | $4,232-61.9% | $2,597-37.9% |
| Participant deferral / active EE | $3,656 | $4,148-11.9% | $5,601-34.7% | $4,028-9.2% |
| Admin fee / account holder | $1,890 | $6,583-71.3% | $10,328-81.7% | $5,404-65.0% |