Filed September 8, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $11,560 |
Filed as: RETIREMENT PLAN CONCEPTS & SERVICES Service code 13 · EIN 35-2091834 | Contract Administrator | $10,109 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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.
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 | $50,244 | $55,002-8.7% | $59,899-16.1% | $56,289-10.7% |
| Participation rate | 39.9% | 75.9%-36.0pp | 74.7%-34.8pp | 69.9%-30.0pp |
| Annual return | 9.74% | 1.13%+8.6pp | 3.46%+6.3pp | -9.96%+19.7pp |
| Employer contribution / active EE | $0 | $2,448-100.0% | $2,723-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $1,311 | $3,121-58.0% | $3,402-61.5% | $3,350-60.9% |
| Admin fee / account holder | $189 | $236-19.7% | $3,592-94.7% | $521-63.6% |