Filed June 14, 2022
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC2 years Service code 15 · EIN 11-3665754 | Recordkeeping | $866 |
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.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $24,389 | $86,341-71.8% | $125,195-80.5% | $65,186-62.6% |
| Participation rate | 65.3% | 75.3%-10.0pp | 79.8%-14.4pp | 70.2%-4.9pp |
| Annual return | 43.22% | 27.44%+15.8pp | 43.79%-0.6pp | 29.39%+13.8pp |
| Employer contribution / active EE | $1,610 | $2,040-21.1% | $3,866-58.4% | $2,177-26.0% |
| Participant deferral / active EE | $2,952 | $3,538-16.6% | $4,937-40.2% | $3,514-16.0% |
| Admin fee / account holder | $8 | $609-98.6% | $9,704-99.9% | $847-99.0% |