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| Provider | Service type | Compensation |
|---|---|---|
Filed as: LATITUDE SERVICE COMPANY, INC. Service code 13 · EIN 82-1371994 | Contract Administrator | $4,515 |
NILES LANKFORD GROUP, INC.3 years Filed as: NILES LANKFORD GROUP Service code 13 · EIN 35-1580587 | Contract Administrator | $225 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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).
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 | $8,490 | $40,522-79.0% | $84,628-90.0% | $67,579-87.4% |
| Participation rate | 31.3% | 51.1%-19.8pp | 68.2%-36.9pp | 71.3%-39.9pp |
| Annual return | 19.64% | 32.72%-13.1pp | 258.80%-239.2pp | 378.56%-358.9pp |
| Employer contribution / active EE | $230 | $1,146-80.0% | $2,653-91.3% | $2,148-89.3% |
| Participant deferral / active EE | $286 | $2,132-86.6% | $3,900-92.7% | $3,539-91.9% |
| Admin fee / account holder | $60 | $145-58.5% | $4,914-98.8% | $142-57.6% |