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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $8,609 |
ASCENSUS LLC3 years Filed as: FARMERS FINANCIAL SOLUTIONS LLC Service code 49 · EIN 77-0530616 | Other Services | $6,132 |
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,013 | $106,236-74.6% | $112,249-75.9% | $64,819-58.3% |
| Participation rate | 38.4% | 71.7%-33.3pp | 75.1%-36.7pp | 71.5%-33.1pp |
| Annual return | -9.19% | -6.02%-3.2pp | 27.48%-36.7pp | 32.84%-42.0pp |
| Employer contribution / active EE | $1,244 | $3,166-60.7% | $3,636-65.8% | $2,507-50.4% |
| Participant deferral / active EE | $2,217 | $3,785-41.4% | $4,729-53.1% | $4,311-48.6% |
| Admin fee / account holder | $95 | $452-78.9% | $6,412-98.5% | $188-49.3% |