Filed July 1, 2024
| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 04-2647786 | Recordkeeping Fees | $14,675 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $2,944 | $48,166-93.9% | $96,583-97.0% | $93,010-96.8% |
| Participation rate | 80.0% | 65.1%+14.9pp | 69.8%+10.2pp | 73.9%+6.1pp |
| Annual return | 13.04% | 21.31%-8.3pp | 37.79%-24.7pp | 158.70%-145.7pp |
| Employer contribution / active EE | $396 | $1,070-62.9% | $2,357-83.2% | $2,705-85.3% |
| Participant deferral / active EE | $0 | $2,576-100.0% | $3,850-100.0% | $4,561-100.0% |
| Admin fee / account holder | $3 | $110-97.3% | $6,184-100.0% | $152-98.1% |