Filed July 11, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PINNACLE BANK2+ years Service code 21 · EIN 62-1829917 | Bank Trustee | $6,777 |
EPIC RETIREMENT PLAN SERVICES2+ years Service code 15 · EIN 16-1450952 | Recordkeeping | $1,576 |
Annual investment return 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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,396 | $62,715-86.6% | $104,301-92.0% | $66,938-87.5% |
| Participation rate | 97.2% | 59.6%+37.6pp | 73.3%+23.9pp | 69.8%+27.4pp |
| Annual return | -25.93% | -14.70%-11.2pp | 24.61%-50.5pp | 1.58%-27.5pp |
| Employer contribution / active EE | $2,862 | $1,976+44.8% | $3,373-15.2% | $2,545+12.4% |
| Participant deferral / active EE | $5,368 | $2,852+88.3% | $4,626+16.0% | $4,238+26.7% |
| Admin fee / account holder | $59 | $657-91.0% | $7,340-99.2% | $594-90.1% |