Filed March 5, 2021
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC7 years Service code 15 · EIN 11-3665754 | Recordkeeping | $23,490 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,325 | $53,216-44.9% | $155,534-81.1% | $199,960-85.3% |
| Participation rate | 25.8% | 64.1%-38.3pp | 78.2%-52.4pp | 72.0%-46.2pp |
| Annual return | 14.08% | 41.18%-27.1pp | 64.92%-50.8pp | 34.28%-20.2pp |
| Employer contribution / active EE | $451 | $1,848-75.6% | $4,675-90.3% | $3,036-85.1% |
| Participant deferral / active EE | $441 | $3,164-86.1% | $5,630-92.2% | $5,087-91.3% |
| Admin fee / account holder | $29 | $186-84.3% | $15,900-99.8% | $269-89.2% |