Filed December 22, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $2,008 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $4,965 | $56,540-91.2% | $185,851-97.3% | $86,821-94.3% |
| Participation rate | 71.5% | 65.5%+6.0pp | 81.7%-10.2pp | 72.3%-0.8pp |
| Annual return | 14.19% | 118.20%-104.0pp | 122.11%-107.9pp | 97.94%-83.7pp |
| Employer contribution / active EE | $703 | $1,844-61.9% | $5,168-86.4% | $2,406-70.8% |
| Participant deferral / active EE | $627 | $2,555-75.5% | $5,569-88.7% | $4,132-84.8% |
| Admin fee / account holder | $23 | $150-84.6% | $16,245-99.9% | $170-86.4% |