Filed February 23, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $300 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $40,882 | $59,535-31.3% | $90,161-54.7% | $62,293-34.4% |
| Participation rate | 60.7% | 73.0%-12.4pp | 76.9%-16.2pp | 69.5%-8.8pp |
| Annual return | 21.43% | 23.53%-2.1pp | 34.89%-13.5pp | 28.90%-7.5pp |
| Employer contribution / active EE | $0 | $1,826-100.0% | $3,318-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $8,202 | $4,639+76.8% | $5,287+55.1% | $3,169+158.8% |
| Admin fee / account holder | $2 | $337-99.5% | $5,943-100.0% | $479-99.6% |