Filed May 26, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 35-0145825 | Recordkeeping | $38,187 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $15,537 | $44,229-64.9% | $155,789-90.0% | $55,191-71.8% |
| Participation rate | 34.4% | 60.8%-26.4pp | 76.1%-41.7pp | 69.2%-34.7pp |
| Annual return | -0.63% | 0.37%-1.0pp | 71.54%-72.2pp | 10.78%-11.4pp |
| Employer contribution / active EE | $346 | $1,317-73.8% | $3,839-91.0% | $1,899-81.8% |
| Participant deferral / active EE | $999 | $2,851-65.0% | $4,798-79.2% | $3,046-67.2% |
| Admin fee / account holder | $0 | $86-100.0% | $7,477-100.0% | $91-100.0% |