Filed January 21, 2022 (most recent of 2 filings on file)
Total covered: 8 employees
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| Provider | Service type | Compensation |
|---|---|---|
JOHNSON BANK3+ years Service code 21 · EIN 39-1141446 | Bank Trustee | $43,019 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,796 | $61,391-62.9% | $149,723-84.8% | $71,529-68.1% |
| Participation rate | 39.3% | 62.5%-23.2pp | 78.8%-39.5pp | 67.9%-28.7pp |
| Annual return | 20.21% | 35.88%-15.7pp | 134.50%-114.3pp | 28.97%-8.8pp |
| Employer contribution / active EE | $0 | $2,384-100.0% | $4,821-100.0% | $2,590-100.0% |
| Participant deferral / active EE | $1,270 | $2,921-56.5% | $5,682-77.7% | $4,291-70.4% |
| Admin fee / account holder | $368 | $1,264-70.9% | $13,215-97.2% | $1,588-76.9% |