Filed June 23, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 11225 NORTH COMMUNITY HOUSE ROAD · CHARLOTTE, NC 28277 | Recordkeeping Fees | $52,781 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $11,051 | $45,382-75.6% | $154,108-92.8% | $75,289-85.3% |
| Participation rate | 66.3% | 65.9%+0.5pp | 83.0%-16.7pp | 72.4%-6.1pp |
| Annual return | -3.78% | -0.47%-3.3pp | 735.21%-739.0pp | -0.04%-3.7pp |
| Employer contribution / active EE | $305 | $1,533-80.1% | $5,298-94.2% | $2,405-87.3% |
| Participant deferral / active EE | $722 | $2,384-69.7% | $5,081-85.8% | $3,739-80.7% |
| Admin fee / account holder | $26 | $89-70.6% | $13,411-99.8% | $102-74.3% |