Filed December 22, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $3,570 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $4,517 | $52,967-91.5% | $172,753-97.4% | $65,186-93.1% |
| Participation rate | 48.6% | 66.2%-17.6pp | 82.6%-34.1pp | 70.2%-21.6pp |
| Annual return | 25.83% | 30.12%-4.3pp | 803.00%-777.2pp | 29.39%-3.6pp |
| Employer contribution / active EE | $554 | $2,190-74.7% | $5,144-89.2% | $2,177-74.6% |
| Participant deferral / active EE | $400 | $2,471-83.8% | $5,198-92.3% | $3,514-88.6% |
| Admin fee / account holder | $54 | $472-88.5% | $13,956-99.6% | $847-93.6% |