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| Provider | Service type | Compensation |
|---|---|---|
HK FINANCIAL SERVICES3+ years Filed as: HONKAMP KRUEGER FINANCIAL SERVICES Service code 15 · EIN 42-1447865 2355 JFK ROAD · DUBUQUE, IA 52001 | Recordkeeping | $31,398 |
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).
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 | $19,567 | $52,722-62.9% | $90,461-78.4% | $73,412-73.3% |
| Participation rate | 26.4% | 67.7%-41.3pp | 72.7%-46.2pp | 72.2%-45.7pp |
| Annual return | 37.58% | 20.70%+16.9pp | 1294.76%-1257.2pp | 59.30%-21.7pp |
| Employer contribution / active EE | $683 | $1,872-63.5% | $3,264-79.1% | $2,234-69.4% |
| Participant deferral / active EE | $1,226 | $2,810-56.4% | $3,964-69.1% | $3,806-67.8% |
| Admin fee / account holder | $26 | $117-77.9% | $5,617-99.5% | $158-83.7% |