Filed January 7, 2016
Total covered: 2 employees
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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 | $47,661 | $41,377+15.2% | $109,313-56.4% | $62,881-24.2% |
| Participation rate | 62.5% | 57.5%+5.0pp | 71.3%-8.8pp | 69.3%-6.8pp |
| Annual return | 15.59% | 11.05%+4.5pp | 22.07%-6.5pp | 20.14%-4.6pp |
| Employer contribution / active EE | $0 | $1,276-100.0% | $3,892-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $1,552 | $2,045-24.1% | $3,166-51.0% | $3,203-51.5% |
| Admin fee / account holder | $3,704 | $2,884+28.4% | $5,666-34.6% | $4,296-13.8% |