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| Provider | Service type | Compensation |
|---|---|---|
Filed as: DUBUQUE BANK & TRUST Service code 15 1398 CENTRAL AVENUE · DUBUQUE, IA 52004 | Recordkeeping | $36,208 |
OHNWARD FINANCIAL SERVICES3+ years Service code 21 203 NORTH MAIN STREET · MAQUOKETA, IA 52060 | Bank Trustee | $19,420 |
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.
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 | $11,776 | $37,196-68.3% | $154,108-92.4% | $55,725-78.9% |
| Participation rate | 69.8% | 64.1%+5.8pp | 83.0%-13.2pp | 70.9%-1.0pp |
| Annual return | 60.79% | 1319.68%-1258.9pp | 735.21%-674.4pp | 244.93%-184.1pp |
| Employer contribution / active EE | $570 | $1,614-64.7% | $5,298-89.2% | $2,078-72.6% |
| Participant deferral / active EE | $897 | $2,068-56.6% | $5,081-82.4% | $3,356-73.3% |
| Admin fee / account holder | $122 | $102+20.4% | $13,411-99.1% | $115+6.2% |