Filed March 27, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $2,202 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,994 | $80,177-20.2% | $123,892-48.3% | $57,658+11.0% |
| Participation rate | 65.7% | 74.4%-8.8pp | 81.4%-15.7pp | 70.2%-4.5pp |
| Annual return | 7.94% | 17.90%-10.0pp | 47.52%-39.6pp | 5.13%+2.8pp |
| Employer contribution / active EE | $0 | $2,913-100.0% | $4,617-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $8,175 | $5,130+59.4% | $5,984+36.6% | $3,061+167.1% |
| Admin fee / account holder | $5 | $106-95.6% | $8,357-99.9% | $95-95.1% |