Filed April 29, 2022
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC3+ years Filed as: ASCENSUS Service code 64 · EIN 11-3665754 | Recordkeeping Fees | $795 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $31,959 | $47,977-33.4% | $154,108-79.3% | $56,289-43.2% |
| Participation rate | 39.4% | 66.2%-26.8pp | 83.0%-43.6pp | 69.9%-30.5pp |
| Annual return | 8.21% | 3.54%+4.7pp | 735.21%-727.0pp | -9.96%+18.2pp |
| Employer contribution / active EE | $529 | $2,169-75.6% | $5,298-90.0% | $2,111-74.9% |
| Participant deferral / active EE | $1,153 | $2,392-51.8% | $5,081-77.3% | $3,350-65.6% |
| Admin fee / account holder | $4 | $438-99.0% | $13,411-100.0% | $521-99.1% |