Filed August 21, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $60,913 |
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 | $27,681 | $105,173-73.7% | $87,102-68.2% | $77,775-64.4% |
| Participation rate | 54.6% | 85.8%-31.2pp | 76.9%-22.3pp | 73.2%-18.6pp |
| Annual return | 29.30% | 24.52%+4.8pp | 28.19%+1.1pp | 32.58%-3.3pp |
| Employer contribution / active EE | $647 | $2,890-77.6% | $2,521-74.4% | $2,504-74.2% |
| Participant deferral / active EE | $3,041 | $5,048-39.8% | $4,048-24.9% | $3,966-23.3% |
| Admin fee / account holder | $23 | $105-78.1% | $7,493-99.7% | $100-77.1% |