Filed September 21, 2024
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| Provider | Service type | Compensation |
|---|---|---|
GREENLEAF TRUST1 year Service code 15 · EIN 38-3416104 | Recordkeeping | $19,753 |
DOEREN MAYEW1 year Service code 15 56 GRANDVILLE AVE SW STE 100 · GRAND RAPIDS, MI 49503 | Recordkeeping | $16,913 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,092 | $107,218-49.5% | $115,768-53.3% | $79,634-32.1% |
| Participation rate | 58.4% | 76.8%-18.4pp | 74.4%-16.0pp | 62.5%-4.1pp |
| Annual return | 19.23% | 15.41%+3.8pp | 100.46%-81.2pp | 36.46%-17.2pp |
| Employer contribution / active EE | $1,018 | $3,627-71.9% | $2,940-65.4% | $2,529-59.7% |
| Participant deferral / active EE | $2,380 | $5,091-53.2% | $4,917-51.6% | $3,835-37.9% |
| Admin fee / account holder | $82 | $576-85.8% | $12,439-99.3% | $1,002-91.8% |