Filed February 23, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $456 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $48,767 | $58,655-16.9% | $91,994-47.0% | $65,185-25.2% |
| Participation rate | 67.8% | 75.3%-7.5pp | 78.6%-10.8pp | 70.2%-2.4pp |
| Annual return | 34.01% | 33.92%+0.1pp | 69.03%-35.0pp | 29.38%+4.6pp |
| Employer contribution / active EE | $0 | $2,080-100.0% | $3,452-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $9,074 | $5,474+65.8% | $5,923+53.2% | $3,514+158.2% |
| Admin fee / account holder | $2 | $434-99.5% | $7,743-100.0% | $847-99.7% |