Filed December 3, 2024
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754 | Recordkeeping | $17,613 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
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 | $7,177 | $58,895-87.8% | $178,503-96.0% | $73,497-90.2% |
| Participation rate | 67.1% | 66.2%+0.9pp | 81.9%-14.8pp | 70.7%-3.5pp |
| Annual return | 12.05% | 24.86%-12.8pp | 151.12%-139.1pp | 28.51%-16.5pp |
| Employer contribution / active EE | $0 | $2,236-100.0% | $5,011-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $900 | $2,567-64.9% | $5,202-82.7% | $3,740-75.9% |
| Admin fee / account holder | $131 | $400-67.3% | $13,987-99.1% | $513-74.5% |