| Provider | Service type | Compensation |
|---|---|---|
BELL BANK8 years Service code 15 · EIN 45-0283315 | Recordkeeping | $99,094 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,615 | $103,657-81.1% | $95,763-79.5% | $103,657-81.1% |
| Participation rate | 15.9% | 73.4%-57.4pp | 72.3%-56.3pp | 73.4%-57.4pp |
| Annual return | 29.53% | 33.13%-3.6pp | 28.43%+1.1pp | 33.13%-3.6pp |
| Employer contribution / active EE | $0 | $3,216-100.0% | $2,836-100.0% | $3,216-100.0% |
| Participant deferral / active EE | $368 | $5,218-92.9% | $4,244-91.3% | $5,218-92.9% |
| Admin fee / account holder | $75 | $114-34.6% | $5,669-98.7% | $114-34.6% |