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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC3+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $6,125 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $19,695 | $64,954-69.7% | $115,752-83.0% | $62,293-68.4% |
| Participation rate | 24.2% | 73.0%-48.8pp | 77.8%-53.5pp | 69.5%-45.3pp |
| Annual return | 20.68% | 24.87%-4.2pp | 19.41%+1.3pp | 28.90%-8.2pp |
| Employer contribution / active EE | $0 | $2,344-100.0% | $3,492-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $1,432 | $3,665-60.9% | $5,204-72.5% | $3,169-54.8% |
| Admin fee / account holder | $168 | $414-59.5% | $6,278-97.3% | $479-65.0% |