Filed July 1, 2024
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $17,317 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,093 | $31,810+51.2% | $64,101-25.0% | $59,188-18.7% |
| Participation rate | 36.5% | 57.7%-21.2pp | 68.2%-31.6pp | 69.4%-32.9pp |
| Annual return | -5.95% | 9.41%-15.4pp | 791.27%-797.2pp | 5.51%-11.5pp |
| Employer contribution / active EE | $2,776 | $659+321.0% | $1,820+52.5% | $2,098+32.3% |
| Participant deferral / active EE | $1,343 | $1,582-15.1% | $2,822-52.4% | $3,265-58.9% |
| Admin fee / account holder | $13 | $57-77.8% | $4,499-99.7% | $92-86.3% |