Filed November 21, 2024
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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.)
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 | $24,351 | $76,407-68.1% | $150,298-83.8% | $82,448-70.5% |
| Participation rate | 69.6% | 66.4%+3.2pp | 77.8%-8.1pp | 68.1%+1.6pp |
| Annual return | 16.72% | 39.99%-23.3pp | 62.79%-46.1pp | 41.64%-24.9pp |
| Employer contribution / active EE | $2,352 | $2,614-10.0% | $4,154-43.4% | $2,551-7.8% |
| Participant deferral / active EE | $3,246 | $3,214+1.0% | $5,453-40.5% | $4,139-21.6% |
| Admin fee / account holder | $2,904 | $6,352-54.3% | $14,116-79.4% | $7,234-59.9% |