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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Opinion is qualified - a specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,639 | $61,356-85.9% | $149,696-94.2% | $71,511-87.9% |
| Participation rate | 12.6% | 62.5%-50.0pp | 78.8%-66.2pp | 67.9%-55.4pp |
| Annual return | 206.92% | 35.86%+171.1pp | 134.46%+72.5pp | 28.86%+178.1pp |
| Employer contribution / active EE | $435 | $2,382-81.7% | $4,821-91.0% | $2,589-83.2% |
| Participant deferral / active EE | $446 | $2,920-84.7% | $5,682-92.2% | $4,291-89.6% |
| Admin fee / account holder | $56 | $1,263-95.5% | $13,212-99.6% | $1,588-96.5% |