Filed December 22, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $12,932 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $4,940 | $46,332-89.3% | $143,797-96.6% | $64,824-92.4% |
| Participation rate | 68.5% | 64.2%+4.2pp | 80.3%-11.8pp | 71.5%-3.0pp |
| Annual return | -16.13% | -10.05%-6.1pp | -0.04%-16.1pp | 32.84%-49.0pp |
| Employer contribution / active EE | $776 | $1,911-59.4% | $4,952-84.3% | $2,507-69.0% |
| Participant deferral / active EE | $663 | $2,647-74.9% | $5,638-88.2% | $4,311-84.6% |
| Admin fee / account holder | $68 | $154-55.6% | $14,679-99.5% | $188-63.6% |