Filed November 4, 2024 (most recent of 3 filings on file)
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,097 | $55,423-61.9% | $155,602-86.4% | $74,400-71.6% |
| Participation rate | 25.0% | 61.9%-36.9pp | 78.2%-53.2pp | 67.2%-42.2pp |
| Annual return | 10.05% | 269.07%-259.0pp | 64.81%-54.8pp | 1367.51%-1357.5pp |
| Employer contribution / active EE | $678 | $2,266-70.1% | $4,675-85.5% | $2,624-74.1% |
| Participant deferral / active EE | $1,508 | $2,835-46.8% | $5,629-73.2% | $4,348-65.3% |
| Admin fee / account holder | $21 | $1,744-98.8% | $15,923-99.9% | $1,944-98.9% |