Filed April 25, 2018
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| Provider | Service type | Compensation |
|---|---|---|
SYM FINANCIAL CORPORATION3+ years Service code 26 · EIN 35-1550787 | Advisory (Participants) | $13,523 |
ASCENSUS LLC1 year Filed as: ASCENSUS TPA SOLUTIONS Service code 13 · EIN 11-3665754 | Contract Administrator | $5,883 |
Filed as: CHARLES SCHWAB BANK Service code 18 · EIN 42-1558009 | Custodial (other than securities) | $694 |
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.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $15,931 | $64,909-75.5% | $82,312-80.6% | $62,293-74.4% |
| Participation rate | 68.2% | 74.9%-6.7pp | 76.9%-8.7pp | 69.5%-1.4pp |
| Annual return | 13.29% | 21.18%-7.9pp | 25.88%-12.6pp | 28.90%-15.6pp |
| Employer contribution / active EE | $0 | $1,676-100.0% | $2,428-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $946 | $3,103-69.5% | $3,706-74.5% | $3,169-70.1% |
| Admin fee / account holder | $156 | $440-64.4% | $5,608-97.2% | $479-67.4% |