Filed August 17, 2021
| Provider | Service type | Compensation |
|---|---|---|
STANCORP FINANCIAL GROUP1 year Service code 12 · EIN 93-1253576 | Recordkeeping and information managem... | $809,333 |
Filed as: HARDING SHYMANSKI & COMPANY Service code 10 · EIN 35-1346211 | Accounting | $49,200 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $89,589 | $244,991-63.4% | $105,624-15.2% | $106,553-15.9% |
| Participation rate | 53.5% | 88.4%-34.9pp | 75.3%-21.8pp | 69.8%-16.3pp |
| Annual return | -0.31% | 13.48%-13.8pp | 116.20%-116.5pp | 17.37%-17.7pp |
| Employer contribution / active EE | $1,170 | $8,816-86.7% | $3,168-63.1% | $3,359-65.2% |
| Participant deferral / active EE | $3,261 | $11,442-71.5% | $5,013-35.0% | $5,562-41.4% |
| Admin fee / account holder | $41 | $88-53.7% | $10,961-99.6% | $80-48.8% |