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| Provider | Service type | Compensation |
|---|---|---|
SUMMIT FINANCIAL CORPORATION2+ years Filed as: SUMMIT FINANCIAL Service code 13 · EIN 04-3222016 7 NEW ENGLAND EXEC PARK · BURLINGTON, MA 01803 | Contract Administrator | $6,401 |
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 | $50,577 | $68,408-26.1% | $57,196-11.6% | $57,658-12.3% |
| Participation rate | 44.4% | 79.1%-34.7pp | 75.3%-30.9pp | 70.2%-25.8pp |
| Annual return | 6.33% | 8.51%-2.2pp | 14.59%-8.3pp | 5.13%+1.2pp |
| Employer contribution / active EE | $1,012 | $2,869-64.7% | $2,683-62.3% | $1,974-48.7% |
| Participant deferral / active EE | $1,642 | $2,903-43.5% | $3,096-47.0% | $3,061-46.4% |
| Admin fee / account holder | $38 | $70-44.9% | $3,141-98.8% | $95-59.4% |