Filed July 1, 2024
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $23,059 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $51,243 | $33,232+54.2% | $71,793-28.6% | $63,975-19.9% |
| Participation rate | 42.2% | 60.1%-17.9pp | 69.1%-26.9pp | 71.1%-28.9pp |
| Annual return | 8.24% | 11.99%-3.8pp | 78.04%-69.8pp | 48.65%-40.4pp |
| Employer contribution / active EE | $2,869 | $723+296.9% | $1,924+49.1% | $2,182+31.5% |
| Participant deferral / active EE | $1,473 | $1,604-8.2% | $2,794-47.3% | $3,356-56.1% |
| Admin fee / account holder | $15 | $63-77.0% | $4,815-99.7% | $70-79.3% |