Filed March 8, 2024 (most recent of 2 filings on file)
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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.
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 | $25,693 | $89,739-71.4% | $149,721-82.8% | $62,293-58.8% |
| Participation rate | 67.8% | 85.1%-17.3pp | 87.1%-19.3pp | 69.5%-1.7pp |
| Annual return | 14.12% | 21.01%-6.9pp | 1501.67%-1487.6pp | 28.90%-14.8pp |
| Employer contribution / active EE | $1,330 | $3,233-58.9% | $5,444-75.6% | $2,042-34.9% |
| Participant deferral / active EE | $2,980 | $4,797-37.9% | $6,568-54.6% | $3,169-6.0% |
| Admin fee / account holder | $3 | $551-99.5% | $11,282-100.0% | $479-99.4% |