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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 711 HIGH STREET · DES MOINES, IA 50392 | Contract Administrator | $31,565 |
SAGEPOINT FINANCIAL INC2 years Filed as: SAGEPOINT FINANCIAL Service code 27 · EIN 20-1741754 2800 N CENTRAL AVE STE 2100 · PHOENIX, AZ 850041098 | Advisory (Plan) | $15,021 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $20,409 | $63,314-67.8% | $91,004-77.6% | $62,293-67.2% |
| Participation rate | 57.0% | 73.3%-16.3pp | 75.6%-18.6pp | 69.5%-12.5pp |
| Annual return | 14.63% | 21.00%-6.4pp | 4.60%+10.0pp | 28.90%-14.3pp |
| Employer contribution / active EE | $0 | $1,807-100.0% | $2,456-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $1,172 | $2,944-60.2% | $3,548-67.0% | $3,169-63.0% |
| Admin fee / account holder | $281 | $468-40.0% | $5,417-94.8% | $479-41.5% |