Filed June 29, 2022
Total covered: 6 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 | $45,687 | $102,385-55.4% | $147,080-68.9% | $80,935-43.6% |
| Participation rate | 33.3% | 75.9%-42.5pp | 82.2%-48.8pp | 67.7%-34.3pp |
| Annual return | 26.58% | 135.09%-108.5pp | 420.17%-393.6pp | 35.66%-9.1pp |
| Employer contribution / active EE | $5,241 | $3,717+41.0% | $4,933+6.2% | $2,757+90.1% |
| Participant deferral / active EE | $7,227 | $6,651+8.7% | $8,066-10.4% | $4,299+68.1% |
| Admin fee / account holder | $10,212 | $7,951+28.4% | $12,989-21.4% | $6,924+47.5% |