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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754 | Recordkeeping | $20,143 |
WITHUMSMITH+BROWN, PC3 years Filed as: WITHUM SMITH BROWN Service code 10 PO BOX 5340 · PRINCETON, NJ 08543 | Accounting | $12,782 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $32,324 | $42,367-23.7% | $79,580-59.4% | $64,819-50.1% |
| Participation rate | 27.4% | 64.7%-37.3pp | 69.5%-42.1pp | 71.5%-44.1pp |
| Annual return | -22.57% | -12.23%-10.3pp | 0.15%-22.7pp | 32.84%-55.4pp |
| Employer contribution / active EE | $1,112 | $1,181-5.8% | $2,413-53.9% | $2,507-55.6% |
| Participant deferral / active EE | $1,946 | $3,170-38.6% | $3,985-51.2% | $4,311-54.8% |
| Admin fee / account holder | $350 | $160+119.5% | $6,835-94.9% | $188+86.5% |