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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $38,760 | $47,944-19.2% | $67,834-42.9% | $62,881-38.4% |
| Participation rate | 29.2% | 61.1%-31.9pp | 68.8%-39.6pp | 69.3%-40.1pp |
| Annual return | 6.05% | 11.77%-5.7pp | 138.47%-132.4pp | 20.14%-14.1pp |
| Employer contribution / active EE | $724 | $1,562-53.6% | $2,403-69.9% | $2,281-68.2% |
| Participant deferral / active EE | $1,122 | $2,247-50.1% | $3,160-64.5% | $3,203-65.0% |
| Admin fee / account holder | $62 | $3,712-98.3% | $4,622-98.7% | $4,296-98.6% |