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| Provider | Service type | Compensation |
|---|---|---|
Filed as: ASSETMARK RETIREMENT SERVICES Service code 15 1960 OLD GATESBURG RD. · STATE COLLEGE, PA 16803 | Recordkeeping | $27,174 |
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $6,765 | $47,163-85.7% | $149,696-95.5% | $74,460-90.9% |
| Participation rate | 81.5% | 63.4%+18.1pp | 78.8%+2.7pp | 70.7%+10.7pp |
| Annual return | 31.98% | 22.75%+9.2pp | 134.46%-102.5pp | 34.38%-2.4pp |
| Employer contribution / active EE | $168 | $1,907-91.2% | $4,821-96.5% | $2,638-93.6% |
| Participant deferral / active EE | $1,106 | $2,730-59.5% | $5,682-80.5% | $4,530-75.6% |
| Admin fee / account holder | $75 | $343-78.0% | $13,212-99.4% | $348-78.3% |