Filed June 14, 2022
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754 | Recordkeeping | $1,343 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $15,484 | $66,302-76.6% | $110,243-86.0% | $56,289-72.5% |
| Participation rate | 58.8% | 74.9%-16.1pp | 79.8%-21.1pp | 69.9%-11.1pp |
| Annual return | -8.66% | -1.18%-7.5pp | 314.76%-323.4pp | -9.96%+1.3pp |
| Employer contribution / active EE | $1,377 | $2,047-32.8% | $3,827-64.0% | $2,111-34.8% |
| Participant deferral / active EE | $2,186 | $3,381-35.4% | $4,672-53.2% | $3,350-34.8% |
| Admin fee / account holder | $16 | $698-97.7% | $8,548-99.8% | $521-97.0% |