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.
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 | $33,855 | $79,523-57.4% | $140,019-75.8% | $56,289-39.9% |
| Participation rate | 66.2% | 85.7%-19.5pp | 87.5%-21.3pp | 69.9%-3.6pp |
| Annual return | -3.86% | 2.39%-6.2pp | 651.19%-655.0pp | -9.96%+6.1pp |
| Employer contribution / active EE | $2,233 | $3,350-33.3% | $5,605-60.2% | $2,111+5.8% |
| Participant deferral / active EE | $0 | $5,129-100.0% | $6,927-100.0% | $3,350-100.0% |
| Admin fee / account holder | $7 | $614-98.9% | $10,705-99.9% | $521-98.7% |