Filed April 19, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 30-0219031 | Recordkeeping | $46,370 |
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.
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 | $64,150 | $66,302-3.2% | $110,243-41.8% | $56,289+14.0% |
| Participation rate | 63.5% | 74.9%-11.4pp | 79.8%-16.3pp | 69.9%-6.3pp |
| Annual return | -4.05% | -1.18%-2.9pp | 314.76%-318.8pp | -9.96%+5.9pp |
| Employer contribution / active EE | $2,352 | $2,047+14.9% | $3,827-38.5% | $2,111+11.4% |
| Participant deferral / active EE | $1,705 | $3,381-49.6% | $4,672-63.5% | $3,350-49.1% |
| Admin fee / account holder | $286 | $698-59.0% | $8,548-96.7% | $521-45.1% |