Filed February 22, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $4,750 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $13,344 | $42,582-68.7% | $171,082-92.2% | $57,658-76.9% |
| Participation rate | 48.7% | 63.9%-15.2pp | 76.7%-28.0pp | 70.2%-21.5pp |
| Annual return | 15.26% | 308.67%-293.4pp | 32.56%-17.3pp | 5.13%+10.1pp |
| Employer contribution / active EE | $575 | $1,306-56.0% | $4,002-85.6% | $1,974-70.9% |
| Participant deferral / active EE | $1,292 | $2,933-55.9% | $4,797-73.1% | $3,061-57.8% |
| Admin fee / account holder | $13 | $82-84.7% | $8,520-99.9% | $95-86.7% |