Filed November 4, 2016
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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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,468 | $51,736-17.9% | $120,225-64.7% | $67,986-37.5% |
| Participation rate | 42.3% | 46.1%-3.8pp | 69.6%-27.3pp | 57.2%-14.9pp |
| Annual return | 13.18% | 31.98%-18.8pp | 439.23%-426.0pp | 31.67%-18.5pp |
| Employer contribution / active EE | $887 | $1,071-17.2% | $3,475-74.5% | $2,019-56.1% |
| Participant deferral / active EE | $2,427 | $2,206+10.0% | $3,999-39.3% | $3,358-27.7% |
| Admin fee / account holder | $5,905 | $4,159+42.0% | $5,696+3.7% | $3,203+84.3% |