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| Provider | Service type | Compensation |
|---|---|---|
AMERITAS LIFE INSURANCE CORP2+ years Service code 15 · EIN 47-0098400 | Recordkeeping | $2,043 |
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.
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 | $27,160 | $42,546-36.2% | $71,796-62.2% | $55,167-50.8% |
| Participation rate | 27.8% | 59.1%-31.3pp | 69.1%-41.3pp | 69.0%-41.1pp |
| Annual return | 6.77% | 12.36%-5.6pp | 78.04%-71.3pp | 169.23%-162.5pp |
| Employer contribution / active EE | $262 | $803-67.4% | $1,924-86.4% | $1,963-86.7% |
| Participant deferral / active EE | $622 | $2,064-69.9% | $2,794-77.7% | $3,054-79.6% |
| Admin fee / account holder | $36 | $650-94.5% | $4,815-99.3% | $504-92.9% |