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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,615 | $50,464-49.2% | $75,784-66.2% | $52,331-51.1% |
| Participation rate | 41.7% | 66.8%-25.1pp | 75.8%-34.1pp | 68.1%-26.4pp |
| Annual return | -0.89% | 1.03%-1.9pp | 9.68%-10.6pp | 4.54%-5.4pp |
| Employer contribution / active EE | $355 | $1,988-82.2% | $3,323-89.3% | $1,882-81.2% |
| Participant deferral / active EE | $2,401 | $2,570-6.6% | $3,652-34.3% | $3,022-20.6% |
| Admin fee / account holder | $62 | $1,103-94.3% | $5,300-98.8% | $592-89.5% |