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| Provider | Service type | Compensation |
|---|---|---|
LAKE CITY BANK4+ years Service code 21 · EIN 35-0458180 | Bank Trustee | $65,129 |
ASCENSUS LLC4+ years Filed as: ASCENSUS CONSULTING Service code 15 · EIN 11-3665754 | Recordkeeping | $19,603 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $60,382 | $65,118-7.3% | $76,767-21.3% | $55,725+8.4% |
| Participation rate | 67.6% | 79.6%-12.0pp | 77.0%-9.4pp | 70.9%-3.3pp |
| Annual return | -5.14% | -1.27%-3.9pp | 2.43%-7.6pp | 244.93%-250.1pp |
| Employer contribution / active EE | $0 | $1,941-100.0% | $2,485-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $1,735 | $3,688-52.9% | $3,852-54.9% | $3,356-48.3% |
| Admin fee / account holder | $276 | $116+138.3% | $6,675-95.9% | $115+139.8% |