Filed October 26, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: WOODBURY FINANCIAL Service code 27 7755 3RD STREET NORTH · OAKDALE, MN 55128 | Advisory (Plan) | $34,226 |
Filed as: ONEAMERICA RETIREMENT SERVICES, LLC Service code 15 · EIN 46-5378846 | Recordkeeping | $19,795 |
MATRIX TRUST COMPANY2 years Filed as: MG TRUST COMPANY DBA MATRIX TRUST C Service code 15 · EIN 75-3182674 | Recordkeeping | $3,681 |
MATRIX TRUST COMPANY2 years Service code 18 | Float revenue; Trustee (directed); Ot... | $0 |
MATRIX TRUST COMPANY2 years Filed as: MSCS FINANCIAL SERVICES DIVISION OF Service code 50 | Direct Payment | $0 |
US BANK2 years Service code 62 | Float revenue | $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.
Annual investment return 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.
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 | $23,617 | $62,543-62.2% | $83,322-71.7% | $55,725-57.6% |
| Participation rate | 55.8% | 78.4%-22.6pp | 77.8%-21.9pp | 70.9%-15.0pp |
| Annual return | -7.87% | 14.85%-22.7pp | 10.64%-18.5pp | 244.93%-252.8pp |
| Employer contribution / active EE | $17 | $2,427-99.3% | $3,379-99.5% | $2,078-99.2% |
| Participant deferral / active EE | $7,088 | $5,682+24.7% | $5,565+27.4% | $3,356+111.2% |
| Admin fee / account holder | $151 | $103+46.9% | $7,540-98.0% | $115+31.5% |