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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC4 years Service code 15 · EIN 11-3665754 | Recordkeeping | $1,963 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,542 | $70,879-73.8% | $189,597-90.2% | $79,389-76.6% |
| Participation rate | 43.7% | 68.0%-24.3pp | 78.4%-34.8pp | 70.7%-27.0pp |
| Annual return | 14.91% | 20.70%-5.8pp | 64.20%-49.3pp | 116.89%-102.0pp |
| Employer contribution / active EE | $833 | $1,806-53.9% | $4,412-81.1% | $2,428-65.7% |
| Participant deferral / active EE | $1,519 | $4,081-62.8% | $6,174-75.4% | $4,046-62.5% |
| Admin fee / account holder | $23 | $647-96.4% | $9,807-99.8% | $626-96.3% |