Filed November 28, 2023
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $2,224 | $54,590-95.9% | $81,716-97.3% | $73,493-97.0% |
| Participation rate | 52.3% | 68.3%-16.1pp | 72.0%-19.7pp | 70.7%-18.4pp |
| Annual return | 0.00% | 17.74%-17.7pp | 29.49%-29.5pp | 28.51%-28.5pp |
| Employer contribution / active EE | $0 | $1,636-100.0% | $4,310-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $818 | $2,759-70.4% | $7,108-88.5% | $3,740-78.1% |
| Admin fee / account holder | $0 | $592-100.0% | $5,159-100.0% | $513-100.0% |