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| Provider | Service type | Compensation |
|---|---|---|
SUMMIT GROUP RETIREMENT PLANNERS1+ years Service code 27 · EIN 46-4198717 | Advisory (Plan) | $10,158 |
Service code 37 · EIN 04-2647786 | Loan Processing | $5,868 |
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.
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 | $32,338 | $101,499-68.1% | $147,005-78.0% | $74,546-56.6% |
| Participation rate | 59.1% | 75.5%-16.4pp | 82.2%-23.0pp | 67.2%-8.1pp |
| Annual return | 0.00% | 8732.34%-8732.3pp | 418.76%-418.8pp | 1366.03%-1366.0pp |
| Employer contribution / active EE | $1,480 | $3,811-61.2% | $4,934-70.0% | $2,624-43.6% |
| Participant deferral / active EE | $3,025 | $7,304-58.6% | $8,070-62.5% | $4,347-30.4% |
| Admin fee / account holder | $135 | $1,748-92.3% | $13,006-99.0% | $1,944-93.1% |