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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC2+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $9,826 |
HORIZON WEALTH ADVISORS2+ years Service code 27 · EIN 26-3197054 | Advisory (Plan) | $7,624 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $29,894 | $46,732-36.0% | $156,551-80.9% | $55,167-45.8% |
| Participation rate | 63.4% | 65.8%-2.4pp | 84.0%-20.6pp | 69.0%-5.6pp |
| Annual return | 10.33% | 17.72%-7.4pp | 32.23%-21.9pp | 169.23%-158.9pp |
| Employer contribution / active EE | $1,989 | $2,105-5.5% | $5,501-63.9% | $1,963+1.3% |
| Participant deferral / active EE | $4,282 | $2,204+94.3% | $4,871-12.1% | $3,054+40.2% |
| Admin fee / account holder | $168 | $418-59.9% | $13,028-98.7% | $504-66.7% |