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| Provider | Service type | Compensation |
|---|---|---|
PEOPLE'S UNITED BANK5+ years Service code 13 · EIN 06-1213065 | Contract Administrator | $18,988 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $25,864 | $55,790-53.6% | $76,667-66.3% | $67,582-61.7% |
| Participation rate | 39.7% | 71.1%-31.4pp | 72.1%-32.4pp | 71.3%-31.6pp |
| Annual return | 43.41% | 64.45%-21.0pp | 1166.74%-1123.3pp | 378.57%-335.2pp |
| Employer contribution / active EE | $483 | $1,810-73.3% | $2,303-79.0% | $2,148-77.5% |
| Participant deferral / active EE | $1,496 | $2,875-48.0% | $3,336-55.2% | $3,539-57.7% |
| Admin fee / account holder | $144 | $159-9.5% | $6,423-97.8% | $142+1.2% |