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| Provider | Service type | Compensation |
|---|---|---|
JULY BUSINESS SERVICES1 year Service code 15 · EIN 74-2715820 | Recordkeeping | $21,283 |
HUMMEL GROUP, INC.3 years Service code 26 · EIN 34-1096613 | Advisory (Participants) | $5,263 |
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).
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 | $19,556 | $70,917-72.4% | $98,920-80.2% | $73,493-73.4% |
| Participation rate | 64.6% | 73.8%-9.2pp | 76.0%-11.5pp | 70.7%-6.1pp |
| Annual return | 13.73% | 34.18%-20.5pp | 196.47%-182.7pp | 28.51%-14.8pp |
| Employer contribution / active EE | $0 | $2,037-100.0% | $2,689-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $989 | $3,501-71.7% | $4,245-76.7% | $3,740-73.5% |
| Admin fee / account holder | $159 | $535-70.3% | $6,643-97.6% | $513-69.0% |