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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $415 |
SECURE ASSET MANAGEMENT4 years Filed as: SECURE ASSET MANAGEMENT, LLC Service code 26 · EIN 14-1996228 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $63,997 | $53,901+18.7% | $134,155-52.3% | $73,493-12.9% |
| Participation rate | 27.2% | 62.8%-35.6pp | 72.2%-45.0pp | 70.7%-43.5pp |
| Annual return | 15.89% | 15.82%+0.1pp | 36.34%-20.5pp | 28.51%-12.6pp |
| Employer contribution / active EE | $14 | $1,458-99.0% | $3,705-99.6% | $2,270-99.4% |
| Participant deferral / active EE | $1,522 | $2,739-44.4% | $3,500-56.5% | $3,740-59.3% |
| Admin fee / account holder | $31 | $581-94.7% | $6,685-99.5% | $513-94.0% |