Filed December 6, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $9,544 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,006 | $39,973+85.1% | $79,550-7.0% | $77,904-5.0% |
| Participation rate | 37.2% | 64.6%-27.4pp | 69.5%-32.3pp | 73.7%-36.5pp |
| Annual return | -12.55% | 3.42%-16.0pp | 0.16%-12.7pp | 12.21%-24.8pp |
| Employer contribution / active EE | $256 | $1,088-76.5% | $2,413-89.4% | $2,848-91.0% |
| Participant deferral / active EE | $1,678 | $2,774-39.5% | $3,985-57.9% | $4,806-65.1% |
| Admin fee / account holder | $15 | $113-86.5% | $6,832-99.8% | $133-88.5% |