Filed April 7, 2016 (most recent of 2 filings on file)
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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 | $56,851 | $71,523-20.5% | $98,461-42.3% | $71,511-20.5% |
| Participation rate | 38.7% | 72.7%-34.0pp | 75.2%-36.4pp | 67.9%-29.2pp |
| Annual return | 25.59% | 32.43%-6.8pp | 21.17%+4.4pp | 28.86%-3.3pp |
| Employer contribution / active EE | $1,151 | $2,399-52.0% | $3,049-62.2% | $2,589-55.5% |
| Participant deferral / active EE | $2,931 | $4,109-28.7% | $4,738-38.1% | $4,291-31.7% |
| Admin fee / account holder | $742 | $1,676-55.7% | $8,961-91.7% | $1,588-53.3% |