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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC3+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $5,200 |
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.
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 | $38,555 | $58,093-33.6% | $80,022-51.8% | $56,287-31.5% |
| Participation rate | 57.6% | 73.6%-16.0pp | 75.8%-18.2pp | 69.9%-12.2pp |
| Annual return | 12.19% | 34.63%-22.4pp | 11.22%+1.0pp | -9.96%+22.1pp |
| Employer contribution / active EE | $1,848 | $1,933-4.4% | $2,468-25.1% | $2,111-12.5% |
| Participant deferral / active EE | $1,411 | $3,136-55.0% | $3,686-61.7% | $3,350-57.9% |
| Admin fee / account holder | $27 | $623-95.7% | $6,521-99.6% | $521-94.8% |