Filed December 22, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 80-0467907 | Recordkeeping Fees | $11,115 |
RBC WEALTH MANAGEMENT5 years Filed as: RBC CAPITAL MARKETS LLC Service code 55 · EIN 41-1416330 60 S 6TH ST COMMISSIONS ACCTG · MINNEAPOLIS, MN 55402 | Other Commissions | $8,844 |
PASI, LLC7+ years Service code 13 · EIN 26-1407927 | Contract Administrator | $1,514 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,172 | $71,142-84.3% | $119,634-90.7% | $64,824-82.8% |
| Participation rate | 64.6% | 78.6%-14.1pp | 79.3%-14.7pp | 71.5%-6.9pp |
| Annual return | -14.68% | -10.01%-4.7pp | -14.98%+0.3pp | 32.84%-47.5pp |
| Employer contribution / active EE | $196 | $2,497-92.2% | $4,232-95.4% | $2,507-92.2% |
| Participant deferral / active EE | $590 | $4,490-86.9% | $5,601-89.5% | $4,311-86.3% |
| Admin fee / account holder | $93 | $162-42.6% | $10,329-99.1% | $188-50.4% |