Filed September 17, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1 year Filed as: ADMIN PARTNERS Service code 13 · EIN 26-3310639 200 LAKE DRIVE E · CHERRY HILL, NJ 08002 | Contract Administrator | $6,731 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant 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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,407 | $83,436-82.7% | $66,439-78.3% | $83,436-82.7% |
| Participation rate | 22.0% | 73.2%-51.1pp | 74.5%-52.5pp | 73.2%-51.1pp |
| Annual return | 26.80% | 19.34%+7.5pp | 757.66%-730.9pp | 19.34%+7.5pp |
| Employer contribution / active EE | $499 | $4,072-87.7% | $2,637-81.1% | $4,072-87.7% |
| Participant deferral / active EE | $928 | $3,411-72.8% | $3,876-76.1% | $3,411-72.8% |
| Admin fee / account holder | $39 | $265-85.3% | $6,173-99.4% | $265-85.3% |