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| Provider | Service type | Compensation |
|---|---|---|
PEOPLE'S UNITED BANK1 year Service code 13 · EIN 06-1213065 | Contract Administrator | $19,985 |
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $45,260 | $42,548+6.4% | $74,549-39.3% | $56,287-19.6% |
| Participation rate | 54.7% | 60.5%-5.8pp | 69.1%-14.4pp | 69.9%-15.1pp |
| Annual return | -2.86% | 12.40%-15.3pp | 32.53%-35.4pp | -9.96%+7.1pp |
| Employer contribution / active EE | $1,316 | $855+53.9% | $1,961-32.9% | $2,111-37.7% |
| Participant deferral / active EE | $2,566 | $2,277+12.7% | $3,108-17.4% | $3,350-23.4% |
| Admin fee / account holder | $314 | $467-32.8% | $5,059-93.8% | $521-39.8% |