Filed August 21, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $51,537 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,216 | $176,471-80.0% | $95,968-63.3% | $90,274-61.0% |
| Participation rate | 54.3% | 86.6%-32.3pp | 77.1%-22.8pp | 73.4%-19.1pp |
| Annual return | 28.37% | 20.15%+8.2pp | 91.65%-63.3pp | 53.97%-25.6pp |
| Employer contribution / active EE | $684 | $2,783-75.4% | $2,542-73.1% | $2,523-72.9% |
| Participant deferral / active EE | $3,412 | $5,325-35.9% | $4,167-18.1% | $4,231-19.3% |
| Admin fee / account holder | $18 | $154-88.5% | $6,798-99.7% | $114-84.5% |