Filed October 13, 2022
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| Provider | Service type | Compensation |
|---|---|---|
USI CONSULTING GROUP4 years Filed as: USI CONSULTING GROUP INC Service code 65 · EIN 06-1053228 | Account Maintenance | $24,187 |
MATRIX TRUST COMPANY5 years Service code 18 · EIN 75-3182674 | Custodial (other than securities); Di... | $3,697 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $86,390 | $50,815+70.0% | $155,509-44.4% | $77,643+11.3% |
| Participation rate | 63.2% | 63.1%+0.1pp | 78.2%-15.0pp | 70.6%-7.4pp |
| Annual return | 10.83% | 34.80%-24.0pp | 64.67%-53.8pp | 31.24%-20.4pp |
| Employer contribution / active EE | $1,784 | $1,993-10.5% | $4,672-61.8% | $2,726-34.6% |
| Participant deferral / active EE | $4,349 | $2,822+54.1% | $5,626-22.7% | $4,647-6.4% |
| Admin fee / account holder | $77 | $437-82.5% | $15,912-99.5% | $430-82.2% |