Filed November 6, 2015
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $26,062 |
Filed as: AMERIPRISE FINANCIAL SERVICES INC. Service code 14 · EIN 51-6041053 | Plan Administrator | $14,238 |
ASCENSUS LLC1 year Filed as: THE HILB GROUP OF NEW ENGLAND, LLC Service code 13 · EIN 47-4324398 931 JEFFERSON BLVD. -SUITE 3001 · WARWICK, RI 02886 | Contract Administrator | $5,412 |
ASCENSUS LLC2 years Filed as: THE HILB GROUP OF NEW ENGLAND LLC Service code 13 | Contract Administrator | $1,441 |
Filed as: WILSHIRE ASSOCIATES INC. Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $13,115 | $62,928-79.2% | $172,752-92.4% | $67,579-80.6% |
| Participation rate | 64.9% | 64.5%+0.4pp | 82.6%-17.8pp | 71.3%-6.4pp |
| Annual return | 20.70% | 30.36%-9.7pp | 802.97%-782.3pp | 378.56%-357.9pp |
| Employer contribution / active EE | $0 | $1,636-100.0% | $5,144-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $948 | $2,145-55.8% | $5,198-81.8% | $3,539-73.2% |
| Admin fee / account holder | $121 | $167-27.6% | $13,955-99.1% | $142-15.2% |