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| Provider | Service type | Compensation |
|---|---|---|
SUMMIT FINANCIAL CORPORATION1+ years Filed as: SUMMIT FINANCIAL Service code 13 · EIN 04-3222016 7 NEW ENGLAND EXEC PARK · BURLINGTON, MA 01803 | Contract Administrator | $6,777 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $48,714 | $67,166-27.5% | $57,356-15.1% | $55,191-11.7% |
| Participation rate | 41.1% | 77.7%-36.6pp | 75.1%-34.0pp | 69.2%-28.1pp |
| Annual return | 1.21% | 4.22%-3.0pp | 24.41%-23.2pp | 10.78%-9.6pp |
| Employer contribution / active EE | $980 | $2,812-65.2% | $2,689-63.6% | $1,899-48.4% |
| Participant deferral / active EE | $1,681 | $2,835-40.7% | $3,162-46.8% | $3,046-44.8% |
| Admin fee / account holder | $33 | $44-23.6% | $3,357-99.0% | $91-63.3% |