| Provider | Service type | Compensation |
|---|---|---|
BELL BANK9 years Service code 15 · EIN 45-0283315 | Recordkeeping | $123,998 |
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 | $25,284 | $99,313-74.5% | $97,295-74.0% | $99,313-74.5% |
| Participation rate | 14.1% | 71.7%-57.6pp | 72.7%-58.6pp | 71.7%-57.6pp |
| Annual return | 27.90% | 17.67%+10.2pp | 75.62%-47.7pp | 17.67%+10.2pp |
| Employer contribution / active EE | $0 | $3,264-100.0% | $2,723-100.0% | $3,264-100.0% |
| Participant deferral / active EE | $330 | $5,346-93.8% | $4,264-92.3% | $5,346-93.8% |
| Admin fee / account holder | $94 | $109-14.2% | $5,646-98.3% | $109-14.2% |