Filed May 26, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 35-0145825 | Recordkeeping | $41,540 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $16,032 | $42,582-62.3% | $171,082-90.6% | $57,658-72.2% |
| Participation rate | 44.3% | 63.9%-19.6pp | 76.7%-32.4pp | 70.2%-26.0pp |
| Annual return | 4.05% | 308.67%-304.6pp | 32.56%-28.5pp | 5.13%-1.1pp |
| Employer contribution / active EE | $491 | $1,306-62.4% | $4,002-87.7% | $1,974-75.1% |
| Participant deferral / active EE | $964 | $2,933-67.1% | $4,797-79.9% | $3,061-68.5% |
| Admin fee / account holder | $1 | $82-98.7% | $8,520-100.0% | $95-98.9% |