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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC6 years Service code 15 · EIN 11-3665754 | Recordkeeping | $4,814 |
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 | $19,863 | $65,428-69.6% | $169,397-88.3% | $71,529-72.2% |
| Participation rate | 48.1% | 66.9%-18.8pp | 77.2%-29.1pp | 67.9%-19.9pp |
| Annual return | 19.69% | 21.35%-1.7pp | 406.23%-386.5pp | 28.97%-9.3pp |
| Employer contribution / active EE | $945 | $2,064-54.2% | $4,013-76.5% | $2,590-63.5% |
| Participant deferral / active EE | $1,629 | $4,360-62.6% | $6,223-73.8% | $4,291-62.0% |
| Admin fee / account holder | $45 | $1,328-96.6% | $9,017-99.5% | $1,588-97.1% |