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 | $52,581-19.2% | $130,788-67.5% | $64,340-34.0% |
| Participation rate | 42.3% | 46.5%-4.2pp | 70.1%-27.8pp | 55.2%-12.9pp |
| Annual return | 13.18% | 20.39%-7.2pp | 386.44%-373.3pp | 24.14%-11.0pp |
| Employer contribution / active EE | $887 | $1,031-14.0% | $3,558-75.1% | $1,862-52.4% |
| Participant deferral / active EE | $2,427 | $2,200+10.3% | $4,137-41.3% | $2,980-18.6% |
| Admin fee / account holder | $5,905 | $4,583+28.8% | $6,673-11.5% | $3,703+59.5% |