Filed January 16, 2024
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $32,534 | $58,726-44.6% | $92,239-64.7% | $62,293-47.8% |
| Participation rate | 27.6% | 68.3%-40.8pp | 76.5%-48.9pp | 69.5%-41.9pp |
| Annual return | 20.59% | 43.62%-23.0pp | 176.29%-155.7pp | 28.90%-8.3pp |
| Employer contribution / active EE | $767 | $2,392-67.9% | $3,680-79.2% | $2,042-62.5% |
| Participant deferral / active EE | $1,620 | $2,766-41.4% | $3,897-58.4% | $3,169-48.9% |
| Admin fee / account holder | $20 | $556-96.5% | $5,194-99.6% | $479-95.9% |