Filed November 9, 2020
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| Provider | Service type | Compensation |
|---|---|---|
ASPERIA INC1 year Service code 13 546 MAIN STREET, SUITE 101 · WORCESTER, MA 01608 | Contract Administrator | $691 |
Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $200 |
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).
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 | $16,118 | $64,359-75.0% | $90,161-82.1% | $70,126-77.0% |
| Participation rate | 46.3% | 70.4%-24.2pp | 76.9%-30.6pp | 69.5%-23.3pp |
| Annual return | 20.55% | 28.13%-7.6pp | 34.89%-14.3pp | 73.15%-52.6pp |
| Employer contribution / active EE | $1,367 | $2,046-33.2% | $3,318-58.8% | $2,343-41.6% |
| Participant deferral / active EE | $2,401 | $4,389-45.3% | $5,287-54.6% | $3,332-27.9% |
| Admin fee / account holder | $0 | $3,945-100.0% | $5,943-100.0% | $4,645-100.0% |