Filed October 19, 2020 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 35-0145825 | Recordkeeping | $38,739 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $15,210 | $37,117-59.0% | $147,617-89.7% | $55,191-72.4% |
| Participation rate | 51.6% | 63.6%-12.0pp | 84.6%-33.0pp | 69.2%-17.6pp |
| Annual return | 4.26% | 3.44%+0.8pp | 61.98%-57.7pp | 10.78%-6.5pp |
| Employer contribution / active EE | $0 | $1,620-100.0% | $5,565-100.0% | $1,899-100.0% |
| Participant deferral / active EE | $1,205 | $1,985-39.3% | $4,895-75.4% | $3,046-60.4% |
| Admin fee / account holder | $14 | $86-83.8% | $11,611-99.9% | $91-84.7% |