Filed June 5, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 06-1050034 | Contract Administrator | $52,645 |
Service code 27 · EIN 20-8874282 | Advisory (Plan) | $49,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,009 | $43,466-8.0% | $90,951-56.0% | $90,288-55.7% |
| Participation rate | 45.2% | 62.5%-17.3pp | 69.0%-23.8pp | 73.4%-28.2pp |
| Annual return | 17.81% | 25.26%-7.4pp | 134.60%-116.8pp | 53.97%-36.2pp |
| Employer contribution / active EE | $701 | $840-16.6% | $2,122-67.0% | $2,524-72.2% |
| Participant deferral / active EE | $1,373 | $2,138-35.8% | $3,373-59.3% | $4,232-67.6% |
| Admin fee / account holder | $155 | $92+69.3% | $5,959-97.4% | $114+36.3% |