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 | $59,218 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $10,995 | $44,989-75.6% | $170,439-93.5% | $77,958-85.9% |
| Participation rate | 59.2% | 64.6%-5.4pp | 83.6%-24.4pp | 71.6%-12.4pp |
| Annual return | 14.12% | 19.61%-5.5pp | 205.94%-191.8pp | 20.87%-6.7pp |
| Employer contribution / active EE | $1 | $1,466-99.9% | $5,433-100.0% | $2,310-99.9% |
| Participant deferral / active EE | $1,202 | $2,208-45.6% | $4,939-75.7% | $3,537-66.0% |
| Admin fee / account holder | $11 | $69-84.6% | $13,881-99.9% | $97-89.1% |