Filed December 22, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $5,814 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $4,740 | $52,293-90.9% | $178,503-97.3% | $73,412-93.5% |
| Participation rate | 51.8% | 65.3%-13.5pp | 81.9%-30.1pp | 72.2%-20.4pp |
| Annual return | 21.07% | 34.75%-13.7pp | 151.12%-130.0pp | 59.30%-38.2pp |
| Employer contribution / active EE | $521 | $1,736-70.0% | $5,011-89.6% | $2,234-76.7% |
| Participant deferral / active EE | $353 | $2,333-84.9% | $5,202-93.2% | $3,806-90.7% |
| Admin fee / account holder | $52 | $127-59.3% | $13,987-99.6% | $158-67.2% |