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| Provider | Service type | Compensation |
|---|---|---|
LAKE CITY BANK5+ years Service code 21 · EIN 35-0458180 | Bank Trustee | $63,305 |
ASCENSUS LLC5+ years Filed as: ASCENSUS CONSULTING Service code 15 · EIN 11-3665754 | Recordkeeping | $20,041 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $77,846 | $73,404+6.1% | $87,104-10.6% | $67,579+15.2% |
| Participation rate | 65.4% | 80.9%-15.5pp | 76.9%-11.5pp | 71.3%-5.9pp |
| Annual return | 22.10% | 48.29%-26.2pp | 28.19%-6.1pp | 378.56%-356.5pp |
| Employer contribution / active EE | $0 | $2,014-100.0% | $2,521-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $1,857 | $3,913-52.5% | $4,048-54.1% | $3,539-47.5% |
| Admin fee / account holder | $292 | $142+105.9% | $7,491-96.1% | $142+104.9% |