Filed June 4, 2019
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $25,463 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $22,116 | $38,312-42.3% | $100,671-78.0% | $59,188-62.6% |
| Participation rate | 26.8% | 57.4%-30.6pp | 70.7%-43.9pp | 69.4%-42.6pp |
| Annual return | 0.43% | 2.64%-2.2pp | 20.43%-20.0pp | 5.51%-5.1pp |
| Employer contribution / active EE | $277 | $1,183-76.6% | $4,012-93.1% | $2,098-86.8% |
| Participant deferral / active EE | $1,289 | $1,847-30.2% | $3,144-59.0% | $3,265-60.5% |
| Admin fee / account holder | $14 | $68-79.1% | $4,850-99.7% | $92-84.6% |