Filed June 1, 2021
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| Provider | Service type | Compensation |
|---|---|---|
AMERITAS LIFE INSURANCE CORP6 years Filed as: AMERITAS Service code 15 5900 O STREET · LINCOLN, NE 68510 | Recordkeeping | $13,724 |
Filed as: CBIZ Service code 15 · EIN 31-1582098 5959 ROCKSIDE WOODS BLVD. N · CLEVELAND, OH 44131 | Recordkeeping | $12,819 |
SIGMA FINANCIAL CORPORATION6 years Service code 26 3000 PARKLAND PLAZA · ANN ARBOR, MI 48103 | Advisory (Participants) | $7,916 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,586 | $55,446-48.4% | $155,574-81.6% | $74,429-61.6% |
| Participation rate | 59.9% | 61.9%-2.0pp | 78.2%-18.3pp | 67.2%-7.3pp |
| Annual return | 21.41% | 269.20%-247.8pp | 64.87%-43.5pp | 1368.38%-1347.0pp |
| Employer contribution / active EE | $3,277 | $2,266+44.6% | $4,676-29.9% | $2,625+24.8% |
| Participant deferral / active EE | $1,063 | $2,836-62.5% | $5,629-81.1% | $4,348-75.6% |
| Admin fee / account holder | $102 | $1,743-94.2% | $15,914-99.4% | $1,944-94.8% |