Filed September 5, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $54,837 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,883 | $110,699-68.5% | $177,827-80.4% | $90,274-61.4% |
| Participation rate | 62.2% | 88.3%-26.1pp | 87.7%-25.5pp | 73.4%-11.1pp |
| Annual return | 26.38% | 22.79%+3.6pp | 48.32%-21.9pp | 53.97%-27.6pp |
| Employer contribution / active EE | $1,933 | $4,118-53.1% | $5,918-67.3% | $2,523-23.4% |
| Participant deferral / active EE | $3,311 | $6,731-50.8% | $7,713-57.1% | $4,231-21.7% |
| Admin fee / account holder | $49 | $90-45.4% | $12,429-99.6% | $114-56.9% |