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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $14,337 |
ASCENSUS LLC5 years Filed as: FARMERS FINANCIAL SOLUTIONS LLC Service code 49 · EIN 77-0530616 | Other Services | $12,914 |
Service code 13 · EIN 62-1038805 | Contract Administrator | $6,000 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,680 | $80,781-52.1% | $102,437-62.2% | $74,478-48.1% |
| Participation rate | 53.5% | 65.7%-12.2pp | 74.5%-21.0pp | 67.2%-13.7pp |
| Annual return | 13.60% | 27.58%-14.0pp | 24.95%-11.4pp | 1370.56%-1357.0pp |
| Employer contribution / active EE | $1,795 | $3,160-43.2% | $3,871-53.6% | $2,626-31.6% |
| Participant deferral / active EE | $3,055 | $3,862-20.9% | $5,060-39.6% | $4,350-29.8% |
| Admin fee / account holder | $133 | $2,372-94.4% | $8,388-98.4% | $1,946-93.2% |