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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1 year Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $2,130 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $17,067 | $39,819-57.1% | $67,834-74.8% | $57,658-70.4% |
| Participation rate | 36.6% | 61.2%-24.6pp | 68.8%-32.2pp | 70.2%-33.6pp |
| Annual return | 10.34% | 9.19%+1.1pp | 138.47%-128.1pp | 5.13%+5.2pp |
| Employer contribution / active EE | $287 | $1,277-77.5% | $2,403-88.1% | $1,974-85.5% |
| Participant deferral / active EE | $696 | $2,209-68.5% | $3,160-78.0% | $3,061-77.2% |
| Admin fee / account holder | $15 | $84-82.2% | $4,622-99.7% | $95-84.2% |