Filed May 4, 2022
| Provider | Service type | Compensation |
|---|---|---|
THE VANGUARD GROUP, INC.2+ years Service code 15 · EIN 23-1945930 | Recordkeeping | $442,810 |
THE VANGUARD GROUP, INC.2+ years Filed as: VANGUARD ADVISERS INC. Service code 26 · EIN 23-2811930 | Advisory (Participants) | $63,414 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,540 | $53,531-61.6% | $86,251-76.2% | $96,393-78.7% |
| Participation rate | 31.6% | 53.4%-21.8pp | 69.0%-37.3pp | 71.3%-39.6pp |
| Annual return | 24.63% | 20.51%+4.1pp | 1170.54%-1145.9pp | 22.88%+1.7pp |
| Employer contribution / active EE | $759 | $1,158-34.4% | $2,381-68.1% | $3,239-76.6% |
| Participant deferral / active EE | $1,563 | $1,965-20.5% | $3,987-60.8% | $5,455-71.3% |
| Admin fee / account holder | $62 | $55+11.9% | $6,857-99.1% | $74-16.0% |