Filed April 16, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 06-1050034 | Contract Administrator | $188,017 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,584 | $39,166+24.0% | $79,550-38.9% | $78,044-37.7% |
| Participation rate | 32.6% | 57.3%-24.8pp | 69.5%-36.9pp | 74.4%-41.9pp |
| Annual return | -13.29% | -9.39%-3.9pp | 0.16%-13.5pp | 10.87%-24.2pp |
| Employer contribution / active EE | $682 | $1,019-33.1% | $2,413-71.8% | $3,125-78.2% |
| Participant deferral / active EE | $1,621 | $2,079-22.0% | $3,985-59.3% | $5,084-68.1% |
| Admin fee / account holder | $66 | $67-1.0% | $6,832-99.0% | $79-15.8% |