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| Provider | Service type | Compensation |
|---|---|---|
ALLIANCE BENEFIT GROUP2+ years Filed as: ALLIANCE BENEFIT GROUP OF MI, INC. Service code 15 · EIN 38-2738460 | Recordkeeping | $3,602 |
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.
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 | $4,465 | $22,291-80.0% | $69,182-93.5% | $63,975-93.0% |
| Participation rate | 5.1% | 35.3%-30.2pp | 55.1%-50.1pp | 71.1%-66.1pp |
| Annual return | 17.97% | 9.30%+8.7pp | -21.93%+39.9pp | 48.65%-30.7pp |
| Employer contribution / active EE | $58 | $325-82.1% | $1,206-95.2% | $2,182-97.3% |
| Participant deferral / active EE | $102 | $808-87.3% | $1,897-94.6% | $3,356-96.9% |
| Admin fee / account holder | $57 | $73-21.7% | $2,697-97.9% | $70-18.8% |