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| Provider | Service type | Compensation |
|---|---|---|
AMERICAN FUNDS5+ years Service code 15 · EIN 95-6817943 P.O. BOX 6040 · INDIANAPOLIS, CA 462066040 | Recordkeeping | $0 |
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.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,382 | $43,133-64.3% | $89,435-82.8% | $73,497-79.1% |
| Participation rate | 10.3% | 55.0%-44.6pp | 68.0%-57.7pp | 70.7%-60.4pp |
| Annual return | 15.51% | 135.66%-120.2pp | 245.55%-230.0pp | 28.51%-13.0pp |
| Employer contribution / active EE | $0 | $1,438-100.0% | $2,587-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $463 | $2,445-81.1% | $3,890-88.1% | $3,740-87.6% |
| Admin fee / account holder | $67 | $444-85.0% | $4,884-98.6% | $513-87.0% |