Filed March 19, 2015 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $3,839 |
Service code 15 · EIN 46-5761416 | Recordkeeping | $2,140 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $10,110 | $75,183-86.6% | $123,894-91.8% | $55,167-81.7% |
| Participation rate | 67.9% | 72.8%-5.0pp | 81.4%-13.6pp | 69.0%-1.1pp |
| Annual return | 12.38% | 19.01%-6.6pp | 47.52%-35.1pp | 169.23%-156.8pp |
| Employer contribution / active EE | $58 | $2,823-97.9% | $4,617-98.7% | $1,963-97.0% |
| Participant deferral / active EE | $5,049 | $5,084-0.7% | $5,984-15.6% | $3,054+65.3% |
| Admin fee / account holder | $23 | $663-96.6% | $8,357-99.7% | $504-95.5% |