Filed September 26, 2018
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| Provider | Service type | Compensation |
|---|---|---|
DEFINITI LLC2 years Filed as: DEFINITI-LLC Service code 64 3 HOLLAND STREET · ERIE, PA 16507 | Recordkeeping Fees | $62,518 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,097 | $45,000-79.8% | $143,757-93.7% | $77,904-88.3% |
| Participation rate | 80.6% | 66.8%+13.8pp | 80.3%+0.3pp | 73.7%+6.9pp |
| Annual return | -12.15% | 29.03%-41.2pp | -0.04%-12.1pp | 12.21%-24.4pp |
| Employer contribution / active EE | $288 | $1,870-84.6% | $4,951-94.2% | $2,848-89.9% |
| Participant deferral / active EE | $954 | $3,157-69.8% | $5,637-83.1% | $4,806-80.2% |
| Admin fee / account holder | $44 | $98-55.1% | $14,673-99.7% | $133-66.7% |