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| Provider | Service type | Compensation |
|---|---|---|
HK FINANCIAL SERVICES2+ years Filed as: HONKAMP KRUEGER FINANCIAL SERVICES Service code 15 · EIN 42-1447865 2355 JFK ROAD · DUBUQUE, IA 52001 | Recordkeeping | $21,394 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $12,346 | $54,237-77.2% | $90,324-86.3% | $67,582-81.7% |
| Participation rate | 32.1% | 68.6%-36.6pp | 73.3%-41.2pp | 71.3%-39.2pp |
| Annual return | 41.77% | 37.27%+4.5pp | 78.15%-36.4pp | 378.57%-336.8pp |
| Employer contribution / active EE | $774 | $1,846-58.1% | $2,856-72.9% | $2,148-64.0% |
| Participant deferral / active EE | $1,328 | $2,625-49.4% | $3,885-65.8% | $3,539-62.5% |
| Admin fee / account holder | $21 | $123-83.1% | $5,356-99.6% | $142-85.4% |