Filed September 26, 2018
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| Provider | Service type | Compensation |
|---|---|---|
DEFINITI LLC1 year Filed as: DEFINITI-LLC Service code 64 3 HOLLAND STREET · ERIE, PA 16507 | Recordkeeping Fees | $38,722 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,244 | $67,512-87.8% | $185,837-95.6% | $93,010-91.1% |
| Participation rate | 72.9% | 67.1%+5.7pp | 81.7%-8.8pp | 73.9%-1.0pp |
| Annual return | 13.80% | 21.04%-7.2pp | 122.08%-108.3pp | 158.70%-144.9pp |
| Employer contribution / active EE | $313 | $1,783-82.4% | $5,168-93.9% | $2,705-88.4% |
| Participant deferral / active EE | $912 | $3,035-69.9% | $5,568-83.6% | $4,561-80.0% |
| Admin fee / account holder | $25 | $318-92.0% | $16,241-99.8% | $152-83.3% |