Filed August 1, 2018
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| Provider | Service type | Compensation |
|---|---|---|
ASCENCUS TRUST COMPANY1+ years Filed as: ASCENCUS Service code 15 · EIN 11-3665754 | Recordkeeping | $55,108 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $32,083 | $30,979+3.6% | $67,704-52.6% | $59,188-45.8% |
| Participation rate | 48.5% | 40.5%+8.0pp | 67.5%-19.1pp | 69.4%-21.0pp |
| Annual return | 130.01% | -1.74%+131.8pp | 25.41%+104.6pp | 5.51%+124.5pp |
| Employer contribution / active EE | $1,097 | $807+35.8% | $2,559-57.2% | $2,098-47.7% |
| Participant deferral / active EE | $1,888 | $1,603+17.8% | $3,585-47.4% | $3,265-42.2% |
| Admin fee / account holder | $15 | $81-80.9% | $4,255-99.6% | $92-83.3% |