Filed July 1, 2024
| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 04-2647786 | Recordkeeping Fees | $22,487 |
Participant 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.
Form 5500 reported that benefits due were not provided when due.
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 | $2,596 | $40,113-93.5% | $84,029-96.9% | $77,775-96.7% |
| Participation rate | 83.5% | 62.8%+20.7pp | 69.0%+14.5pp | 73.2%+10.3pp |
| Annual return | 18.95% | 23.27%-4.3pp | 71.32%-52.4pp | 32.58%-13.6pp |
| Employer contribution / active EE | $283 | $847-66.6% | $1,984-85.7% | $2,504-88.7% |
| Participant deferral / active EE | $0 | $2,030-100.0% | $3,239-100.0% | $3,966-100.0% |
| Admin fee / account holder | $5 | $92-94.9% | $6,102-99.9% | $100-95.3% |