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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC2 years Service code 15 · EIN 11-3665754 | Recordkeeping | $11,512 |
BB&T4 years Filed as: BB&T INSTITUTIONAL SERVICES Service code 37 · EIN 56-0939887 | Loan Processing | $3,609 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,340 | $50,956-18.9% | $96,575-57.2% | $86,813-52.4% |
| Participation rate | 24.9% | 65.2%-40.3pp | 69.8%-44.9pp | 72.3%-47.4pp |
| Annual return | 13.34% | 21.27%-7.9pp | 37.79%-24.4pp | 97.93%-84.6pp |
| Employer contribution / active EE | $210 | $1,111-81.1% | $2,357-91.1% | $2,406-91.3% |
| Participant deferral / active EE | $1,499 | $2,954-49.3% | $3,849-61.1% | $4,131-63.7% |
| Admin fee / account holder | $194 | $166+16.8% | $6,182-96.9% | $170+14.3% |