Filed November 2, 2021
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 04-2647786 | Recordkeeping Fees | $920 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $47,033 | $52,467-10.4% | $57,196-17.8% | $55,167-14.7% |
| Participation rate | 40.6% | 75.8%-35.2pp | 75.3%-34.7pp | 69.0%-28.4pp |
| Annual return | -0.06% | 7.72%-7.8pp | 14.59%-14.7pp | 169.23%-169.3pp |
| Employer contribution / active EE | $756 | $2,477-69.5% | $2,683-71.8% | $1,963-61.5% |
| Participant deferral / active EE | $1,634 | $2,830-42.3% | $3,096-47.2% | $3,054-46.5% |
| Admin fee / account holder | $14 | $269-94.6% | $3,141-99.5% | $504-97.1% |