Filed December 3, 2024
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC2 years Service code 15 · EIN 11-3665754 | Recordkeeping | $8,254 |
Employer 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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $5,466 | $52,953-89.7% | $172,739-96.8% | $65,185-91.6% |
| Participation rate | 73.0% | 66.2%+6.8pp | 82.6%-9.7pp | 70.2%+2.8pp |
| Annual return | 21.72% | 30.12%-8.4pp | 802.84%-781.1pp | 29.38%-7.7pp |
| Employer contribution / active EE | $0 | $2,190-100.0% | $5,143-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $883 | $2,471-64.2% | $5,198-83.0% | $3,514-74.9% |
| Admin fee / account holder | $39 | $472-91.8% | $13,954-99.7% | $847-95.4% |