Filed August 21, 2019
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| Provider | Service type | Compensation |
|---|---|---|
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786 | Loan Processing | $238,414 |
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 | $49,331 | $159,391-69.1% | $102,460-51.9% | $99,313-50.3% |
| Participation rate | 60.2% | 88.6%-28.4pp | 76.5%-16.3pp | 71.7%-11.5pp |
| Annual return | 20.15% | 19.03%+1.1pp | 29.47%-9.3pp | 17.67%+2.5pp |
| Employer contribution / active EE | $993 | $4,207-76.4% | $3,025-67.2% | $3,264-69.6% |
| Participant deferral / active EE | $4,838 | $7,498-35.5% | $5,056-4.3% | $5,346-9.5% |
| Admin fee / account holder | $43 | $159-72.9% | $9,460-99.5% | $109-60.4% |