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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $2,154 |
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.
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 | $13,574 | $53,412-74.6% | $68,509-80.2% | $52,331-74.1% |
| Participation rate | 44.3% | 71.7%-27.4pp | 74.7%-30.4pp | 68.1%-23.8pp |
| Annual return | -1.44% | 3.42%-4.9pp | 8.27%-9.7pp | 4.54%-6.0pp |
| Employer contribution / active EE | $1,397 | $1,607-13.1% | $2,278-38.7% | $1,882-25.8% |
| Participant deferral / active EE | $2,404 | $2,688-10.6% | $3,382-28.9% | $3,022-20.5% |
| Admin fee / account holder | $18 | $461-96.1% | $5,275-99.7% | $592-97.0% |