Filed August 21, 2019
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $45,263 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $22,153 | $78,852-71.9% | $76,768-71.1% | $75,289-70.6% |
| Participation rate | 51.5% | 85.0%-33.5pp | 77.0%-25.5pp | 72.4%-20.9pp |
| Annual return | -3.89% | -1.29%-2.6pp | 2.43%-6.3pp | -0.04%-3.9pp |
| Employer contribution / active EE | $506 | $2,794-81.9% | $2,485-79.7% | $2,405-79.0% |
| Participant deferral / active EE | $2,726 | $4,800-43.2% | $3,852-29.2% | $3,739-27.1% |
| Admin fee / account holder | $21 | $79-73.9% | $6,676-99.7% | $102-79.8% |