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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754 | Recordkeeping | $4,996 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $15,314 | $59,191-74.1% | $76,767-80.1% | $56,289-72.8% |
| Participation rate | 51.1% | 75.2%-24.1pp | 77.0%-25.8pp | 69.9%-18.7pp |
| Annual return | -4.65% | 6.62%-11.3pp | 2.43%-7.1pp | -9.96%+5.3pp |
| Employer contribution / active EE | $551 | $1,759-68.7% | $2,485-77.8% | $2,111-73.9% |
| Participant deferral / active EE | $956 | $3,255-70.6% | $3,852-75.2% | $3,350-71.5% |
| Admin fee / account holder | $53 | $489-89.1% | $6,675-99.2% | $521-89.8% |