Filed March 31, 2016 (most recent of 5 filings on file)
Total covered: 212 employees
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $334,006 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $70,831 | $111,064-36.2% | $67,652+4.7% | $69,651+1.7% |
| Participation rate | 60.3% | 86.0%-25.7pp | 75.7%-15.3pp | 66.6%-6.2pp |
| Annual return | -3.34% | 2.77%-6.1pp | 6625.40%-6628.7pp | 53.77%-57.1pp |
| Employer contribution / active EE | $59 | $3,328-98.2% | $2,266-97.4% | $2,241-97.4% |
| Participant deferral / active EE | $3,075 | $6,396-51.9% | $3,560-13.6% | $3,635-15.4% |
| Admin fee / account holder | $28 | $72-60.4% | $4,821-99.4% | $63-55.0% |