Filed January 5, 2024 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
JOHNSON BANK7+ years Service code 15 · EIN 39-1141446 | Recordkeeping | $33,552 |
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,625 | $59,220+7.4% | $96,570-34.1% | $79,391-19.9% |
| Participation rate | 39.4% | 61.9%-22.5pp | 69.8%-30.4pp | 70.7%-31.3pp |
| Annual return | 20.24% | 27.08%-6.8pp | 37.79%-17.6pp | 116.88%-96.6pp |
| Employer contribution / active EE | $869 | $1,216-28.5% | $2,357-63.1% | $2,428-64.2% |
| Participant deferral / active EE | $1,622 | $2,948-45.0% | $3,849-57.9% | $4,046-59.9% |
| Admin fee / account holder | $275 | $659-58.2% | $6,182-95.6% | $627-56.1% |