Filed August 19, 2016
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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 | $23,414 | $29,736-21.3% | $56,033-58.2% | $80,935-71.1% |
| Participation rate | 29.6% | 41.7%-12.1pp | 52.5%-22.9pp | 67.7%-38.1pp |
| Annual return | 12.20% | 35.28%-23.1pp | 1711.38%-1699.2pp | 35.66%-23.5pp |
| Employer contribution / active EE | $368 | $671-45.2% | $1,041-64.7% | $2,757-86.7% |
| Participant deferral / active EE | $1,099 | $1,228-10.6% | $1,954-43.8% | $4,299-74.4% |
| Admin fee / account holder | $2,008 | $2,434-17.5% | $2,827-29.0% | $6,924-71.0% |