Filed September 18, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 04-2647786 | Recordkeeping Fees | $21,257 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $0 | $80,177-100.0% | $123,894-100.0% | $57,658-100.0% |
| Participation rate | 0.0% | 74.4%-74.4pp | 81.4%-81.4pp | 70.2%-70.2pp |
| Annual return | 11.35% | 17.90%-6.6pp | 47.52%-36.2pp | 5.13%+6.2pp |
| Employer contribution / active EE | $2,766 | $2,913-5.0% | $4,617-40.1% | $1,974+40.2% |
| Participant deferral / active EE | $8,027 | $5,130+56.5% | $5,984+34.1% | $3,061+162.3% |
| Admin fee / account holder | $0 | $106-100.0% | $8,357-100.0% | $95-100.0% |