Filed January 2, 2024 (most recent of 5 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 | $54,071 | $49,451+9.3% | $79,576-32.1% | $66,930-19.2% |
| Participation rate | 38.8% | 61.3%-22.6pp | 69.5%-30.7pp | 69.8%-31.1pp |
| Annual return | -16.08% | 84.25%-100.3pp | 0.15%-16.2pp | 1.57%-17.7pp |
| Employer contribution / active EE | $984 | $1,266-22.2% | $2,413-59.2% | $2,545-61.3% |
| Participant deferral / active EE | $2,638 | $3,159-16.5% | $3,985-33.8% | $4,238-37.8% |
| Admin fee / account holder | $2,847 | $595+378.8% | $6,834-58.3% | $593+379.7% |