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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $12,593 |
PRIME BENEFITS, INC.1 year Service code 13 · EIN 52-2204662 | Contract Administrator | $4,672 |
Service code 17 · EIN 23-2329854 | Pension Consulting | $4,353 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,666 | $174,875-86.5% | $125,391-81.1% | - |
| Participation rate | 52.5% | 70.4%-17.9pp | 82.4%-29.9pp | - |
| Annual return | -16.26% | -12.92%-3.3pp | 572.41%-588.7pp | - |
| Employer contribution / active EE | $2,776 | $3,570-22.2% | $4,816-42.3% | - |
| Participant deferral / active EE | $3,000 | $6,354-52.8% | $7,448-59.7% | - |
| Admin fee / account holder | $197 | $56,366-99.7% | $10,009-98.0% | - |