Filed May 4, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $2,290 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $28,200 | $65,592-57.0% | $90,161-68.7% | $69,634-59.5% |
| Participation rate | 67.6% | 77.6%-10.0pp | 76.9%-9.3pp | 70.7%-3.1pp |
| Annual return | 32.63% | 57.10%-24.5pp | 34.89%-2.3pp | 27572.26%-27539.6pp |
| Employer contribution / active EE | $508 | $2,193-76.9% | $3,318-84.7% | $2,032-75.0% |
| Participant deferral / active EE | $6,335 | $5,257+20.5% | $5,287+19.8% | $3,224+96.5% |
| Admin fee / account holder | $10 | $86-88.6% | $5,943-99.8% | $110-91.2% |