Filed December 12, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $34,556 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $14,982 | $58,758-74.5% | $69,779-78.5% | $63,975-76.6% |
| Participation rate | 90.8% | 77.5%+13.4pp | 71.8%+19.0pp | 71.1%+19.7pp |
| Annual return | 14.63% | 18.05%-3.4pp | 12.99%+1.6pp | 48.65%-34.0pp |
| Employer contribution / active EE | $1,938 | $1,973-1.7% | $2,338-17.1% | $2,182-11.2% |
| Participant deferral / active EE | $3,196 | $2,912+9.8% | $2,931+9.1% | $3,356-4.8% |
| Admin fee / account holder | $17 | $71-75.7% | $4,381-99.6% | $70-75.5% |