Filed January 5, 2024 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
JOHNSON BANK6+ years Service code 15 · EIN 39-1141446 | Recordkeeping | $26,758 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,851 | $54,573+37.2% | $90,970-17.7% | $73,497+1.8% |
| Participation rate | 33.3% | 61.2%-27.8pp | 69.0%-35.7pp | 70.7%-37.3pp |
| Annual return | 20.56% | 16.69%+3.9pp | 134.60%-114.0pp | 28.51%-8.0pp |
| Employer contribution / active EE | $0 | $991-100.0% | $2,122-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $1,475 | $2,517-41.4% | $3,373-56.3% | $3,740-60.6% |
| Admin fee / account holder | $311 | $521-40.3% | $5,961-94.8% | $513-39.4% |