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| Provider | Service type | Compensation |
|---|---|---|
HK FINANCIAL SERVICES1 year Service code 15 · EIN 42-1447865 | Recordkeeping | $15,504 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $30,213 | $46,072-34.4% | $69,779-56.7% | $55,167-45.2% |
| Participation rate | 39.7% | 67.5%-27.8pp | 71.8%-32.1pp | 69.0%-29.3pp |
| Annual return | 11.57% | 8.68%+2.9pp | 12.99%-1.4pp | 169.23%-157.7pp |
| Employer contribution / active EE | $397 | $1,500-73.5% | $2,338-83.0% | $1,963-79.8% |
| Participant deferral / active EE | $1,216 | $2,344-48.1% | $2,931-58.5% | $3,054-60.2% |
| Admin fee / account holder | $239 | $428-44.2% | $4,381-94.5% | $504-52.6% |