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| Provider | Service type | Compensation |
|---|---|---|
Filed as: UNITED BANK Service code 21 · EIN 55-6100340 | Bank Trustee | $15,511 |
Service code 15 · EIN 62-1038805 | Recordkeeping | $7,350 |
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.
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 | $21,655 | $65,322-66.8% | $70,494-69.3% | $73,497-70.5% |
| Participation rate | 30.1% | 77.0%-46.8pp | 75.1%-44.9pp | 70.7%-40.6pp |
| Annual return | 12.69% | 15.71%-3.0pp | 109.16%-96.5pp | 28.51%-15.8pp |
| Employer contribution / active EE | $0 | $2,460-100.0% | $2,738-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $886 | $3,375-73.8% | $3,711-76.1% | $3,740-76.3% |
| Admin fee / account holder | $226 | $214+5.7% | $3,848-94.1% | $513-55.9% |