Filed October 13, 2022
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| Provider | Service type | Compensation |
|---|---|---|
USI CONSULTING GROUP2 years Filed as: USI CONSULTING GROUP INC Service code 15 · EIN 06-1053228 | Recordkeeping | $57,155 |
MATRIX TRUST COMPANY3 years Service code 18 · EIN 75-3182674 | Custodial (other than securities); Tr... | $5,857 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,007 | $46,292+51.2% | $143,757-51.3% | $64,808+8.0% |
| Participation rate | 64.6% | 64.2%+0.4pp | 80.3%-15.7pp | 71.5%-6.9pp |
| Annual return | -15.00% | -10.05%-5.0pp | -0.04%-15.0pp | 32.82%-47.8pp |
| Employer contribution / active EE | $2,020 | $1,910+5.8% | $4,951-59.2% | $2,506-19.4% |
| Participant deferral / active EE | $4,667 | $2,646+76.4% | $5,637-17.2% | $4,310+8.3% |
| Admin fee / account holder | $146 | $154-5.1% | $14,673-99.0% | $188-22.3% |