Filed December 20, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 26 · EIN 20-1090152 | Advisory (Participants) | $14,186 |
Service code 15 · EIN 35-0145825 | Recordkeeping | $4,531 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $21,278 | $53,412-60.2% | $68,509-68.9% | $52,331-59.3% |
| Participation rate | 66.5% | 71.7%-5.1pp | 74.7%-8.2pp | 68.1%-1.6pp |
| Annual return | 3.86% | 3.42%+0.4pp | 8.27%-4.4pp | 4.54%-0.7pp |
| Employer contribution / active EE | $431 | $1,607-73.2% | $2,278-81.1% | $1,882-77.1% |
| Participant deferral / active EE | $1,090 | $2,688-59.4% | $3,382-67.8% | $3,022-63.9% |
| Admin fee / account holder | $92 | $461-79.9% | $5,275-98.2% | $592-84.4% |