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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754 | Recordkeeping | $2,175 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $13,609 | $62,132-78.1% | $185,861-92.7% | $73,497-81.5% |
| Participation rate | 40.8% | 67.8%-27.1pp | 78.0%-37.3pp | 70.7%-29.9pp |
| Annual return | 29.54% | 20.44%+9.1pp | 35.96%-6.4pp | 28.51%+1.0pp |
| Employer contribution / active EE | $720 | $1,681-57.2% | $4,088-82.4% | $2,270-68.3% |
| Participant deferral / active EE | $1,109 | $3,711-70.1% | $5,634-80.3% | $3,740-70.3% |
| Admin fee / account holder | $26 | $419-93.7% | $9,503-99.7% | $513-94.9% |