Filed December 6, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $50,945 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,835 | $120,450-73.6% | $159,495-80.0% | $93,010-65.8% |
| Participation rate | 61.9% | 78.0%-16.1pp | 82.8%-20.9pp | 73.9%-12.0pp |
| Annual return | 49.00% | 27.11%+21.9pp | 263.72%-214.7pp | 158.70%-109.7pp |
| Employer contribution / active EE | $2,052 | $3,526-41.8% | $4,831-57.5% | $2,705-24.2% |
| Participant deferral / active EE | $6,495 | $7,283-10.8% | $7,354-11.7% | $4,561+42.4% |
| Admin fee / account holder | $19 | $137-86.2% | $10,804-99.8% | $152-87.6% |