Filed December 16, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $13,345 |
UBS FINANCIAL SERVICES INC4 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 49 · EIN 51-0120742 | Other Services | $11,499 |
THE BENEFIT ADVANTAGE, INC.4 years Service code 13 · EIN 38-3254950 | Contract Administrator | $10,200 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $47,197 | $99,957-52.8% | $149,715-68.5% | $73,493-35.8% |
| Participation rate | 32.0% | 75.7%-43.7pp | 82.5%-50.5pp | 70.7%-38.7pp |
| Annual return | 21.82% | 53.87%-32.1pp | 276.66%-254.8pp | 28.51%-6.7pp |
| Employer contribution / active EE | $300 | $3,191-90.6% | $4,645-93.6% | $2,270-86.8% |
| Participant deferral / active EE | $2,742 | $6,073-54.8% | $6,842-59.9% | $3,740-26.7% |
| Admin fee / account holder | $177 | $551-67.9% | $9,310-98.1% | $513-65.5% |