Filed August 21, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $125,047 |
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 | $40,718 | $134,619-69.8% | $111,306-63.4% | $101,555-59.9% |
| Participation rate | 53.3% | 89.0%-35.7pp | 77.3%-24.0pp | 74.5%-21.2pp |
| Annual return | 30.41% | 17.96%+12.5pp | 54.67%-24.3pp | 21.00%+9.4pp |
| Employer contribution / active EE | $687 | $3,829-82.1% | $2,732-74.9% | $2,972-76.9% |
| Participant deferral / active EE | $3,523 | $6,572-46.4% | $4,488-21.5% | $4,874-27.7% |
| Admin fee / account holder | $35 | $86-59.8% | $7,966-99.6% | $139-75.1% |