| Provider | Service type | Compensation |
|---|---|---|
BELL BANK2 years Service code 15 · EIN 45-0283315 | Recordkeeping | $39,618 |
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.
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 | $12,253 | $37,245-67.1% | $94,993-87.1% | $77,958-84.3% |
| Participation rate | 23.5% | 56.5%-33.0pp | 73.9%-50.4pp | 71.6%-48.2pp |
| Annual return | 23.67% | 22.72%+0.9pp | 27.14%-3.5pp | 20.87%+2.8pp |
| Employer contribution / active EE | $0 | $894-100.0% | $2,603-100.0% | $2,310-100.0% |
| Participant deferral / active EE | $399 | $1,828-78.2% | $3,317-88.0% | $3,537-88.7% |
| Admin fee / account holder | $55 | $59-7.0% | $4,960-98.9% | $97-43.5% |