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 | $56,398 | $46,877+20.3% | $122,354-53.9% | $70,126-19.6% |
| Participation rate | 56.1% | 58.2%-2.1pp | 71.6%-15.5pp | 69.5%-13.4pp |
| Annual return | 17.59% | 24.22%-6.6pp | 30.28%-12.7pp | 73.15%-55.6pp |
| Employer contribution / active EE | $1,383 | $1,288+7.3% | $4,051-65.9% | $2,343-41.0% |
| Participant deferral / active EE | $2,623 | $2,167+21.0% | $3,287-20.2% | $3,332-21.3% |
| Admin fee / account holder | $12,016 | $3,324+261.5% | $5,479+119.3% | $4,645+158.7% |