Filed February 8, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC7+ years Service code 15 · EIN 11-3665754 | Recordkeeping | $88,712 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,315 | $31,741-29.7% | $56,441-60.5% | $199,768-88.8% |
| Participation rate | 28.8% | 32.3%-3.5pp | 52.5%-23.7pp | 72.0%-43.2pp |
| Annual return | 13.32% | 14.72%-1.4pp | 1704.21%-1690.9pp | 34.26%-20.9pp |
| Employer contribution / active EE | $628 | $508+23.7% | $1,039-39.6% | $3,037-79.3% |
| Participant deferral / active EE | $1,572 | $1,184+32.8% | $1,953-19.5% | $5,090-69.1% |
| Admin fee / account holder | $93 | $426-78.1% | $2,829-96.7% | $269-65.3% |