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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1 year Filed as: ASCENSUS Service code 64 · EIN 11-3665754 1126 WESTRAC DRIVE SOUTH · FARGO, ND 58103 | Recordkeeping Fees | $7,639 |
Service code 26 | Advisory (Participants) | $4,370 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,175 | $55,002-70.6% | $59,887-73.0% | $56,287-71.3% |
| Participation rate | 51.9% | 75.9%-24.0pp | 74.7%-22.8pp | 69.9%-18.0pp |
| Annual return | 2.67% | 1.13%+1.5pp | 3.46%-0.8pp | -9.96%+12.6pp |
| Employer contribution / active EE | $696 | $2,448-71.6% | $2,722-74.4% | $2,111-67.0% |
| Participant deferral / active EE | $630 | $3,121-79.8% | $3,402-81.5% | $3,350-81.2% |
| Admin fee / account holder | $142 | $236-39.9% | $3,591-96.1% | $521-72.8% |