Filed May 24, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $11,865 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,180 | $84,784-60.9% | $98,462-66.3% | $74,478-55.4% |
| Participation rate | 50.2% | 81.5%-31.3pp | 75.2%-25.0pp | 70.7%-20.5pp |
| Annual return | 24.92% | 20.59%+4.3pp | 21.20%+3.7pp | 34.37%-9.4pp |
| Employer contribution / active EE | $902 | $3,364-73.2% | $3,049-70.4% | $2,637-65.8% |
| Participant deferral / active EE | $2,580 | $5,218-50.6% | $4,738-45.6% | $4,530-43.0% |
| Admin fee / account holder | $45 | $204-77.8% | $8,875-99.5% | $347-86.9% |