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| Provider | Service type | Compensation |
|---|---|---|
THE BENEFIT PRACTICE2+ years Service code 15 · EIN 13-4144565 | Recordkeeping | $5,831 |
Service code 15 · EIN 04-1590850 | Recordkeeping | $555 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $34,280 | $60,165-43.0% | $74,184-53.8% | $55,167-37.9% |
| Participation rate | 69.7% | 74.2%-4.5pp | 76.6%-7.0pp | 69.0%+0.7pp |
| Annual return | 4.91% | 10.00%-5.1pp | 17.74%-12.8pp | 169.23%-164.3pp |
| Employer contribution / active EE | $636 | $1,600-60.2% | $2,370-73.2% | $1,963-67.6% |
| Participant deferral / active EE | $2,985 | $2,973+0.4% | $3,550-15.9% | $3,054-2.3% |
| Admin fee / account holder | $40 | $419-90.4% | $5,586-99.3% | $504-92.0% |