Filed July 1, 2024
| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 04-2647786 | Recordkeeping Fees | $17,529 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.
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 | $2,472 | $43,466-94.3% | $90,974-97.3% | $90,274-97.3% |
| Participation rate | 82.6% | 62.5%+20.2pp | 69.0%+13.6pp | 73.4%+9.3pp |
| Annual return | 15.18% | 25.26%-10.1pp | 134.60%-119.4pp | 53.97%-38.8pp |
| Employer contribution / active EE | $64 | $840-92.4% | $2,122-97.0% | $2,523-97.5% |
| Participant deferral / active EE | $0 | $2,138-100.0% | $3,373-100.0% | $4,231-100.0% |
| Admin fee / account holder | $3 | $92-96.4% | $5,961-99.9% | $114-97.1% |