| Provider | Service type | Compensation |
|---|---|---|
BELL BANK4 years Service code 15 · EIN 45-0283315 | Recordkeeping | $53,620 |
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.
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 | $11,084 | $82,204-86.5% | $99,489-88.9% | $82,204-86.5% |
| Participation rate | 21.1% | 73.4%-52.3pp | 73.8%-52.7pp | 73.4%-52.3pp |
| Annual return | 35.51% | 26.31%+9.2pp | 30.72%+4.8pp | 26.31%+9.2pp |
| Employer contribution / active EE | $0 | $2,707-100.0% | $2,541-100.0% | $2,707-100.0% |
| Participant deferral / active EE | $329 | $4,246-92.3% | $3,619-90.9% | $4,246-92.3% |
| Admin fee / account holder | $47 | $76-38.1% | $6,254-99.3% | $76-38.1% |