Filed July 1, 2024
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $24,577 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,144 | $38,833+44.6% | $78,775-28.7% | $77,958-28.0% |
| Participation rate | 45.8% | 60.9%-15.2pp | 69.2%-23.4pp | 71.6%-25.9pp |
| Annual return | 17.63% | 20.31%-2.7pp | 35.62%-18.0pp | 20.87%-3.2pp |
| Employer contribution / active EE | $2,941 | $840+250.4% | $1,986+48.1% | $2,310+27.3% |
| Participant deferral / active EE | $1,518 | $1,776-14.5% | $2,958-48.7% | $3,537-57.1% |
| Admin fee / account holder | $14 | $89-84.5% | $5,132-99.7% | $97-85.9% |