Filed September 5, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 13-3689044 | Recordkeeping | $58,248 |
RBC WEALTH MANAGEMENT2 years Filed as: RBC CAPITAL MARKETS LLC Service code 16 · EIN 41-1416330 | Consulting | $28,816 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,660 | $148,584-67.9% | $216,567-78.0% | $69,255-31.2% |
| Participation rate | 54.3% | 77.0%-22.7pp | 81.6%-27.3pp | 69.0%-14.7pp |
| Annual return | 5.71% | 8.62%-2.9pp | 12.94%-7.2pp | 26.73%-21.0pp |
| Employer contribution / active EE | $362 | $3,404-89.4% | $5,216-93.1% | $2,645-86.3% |
| Participant deferral / active EE | $1,817 | $3,500-48.1% | $6,191-70.6% | $2,890-37.1% |
| Admin fee / account holder | $161 | $791-79.6% | $21,981-99.3% | $733-78.0% |