Filed September 18, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $44 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $1,385 | $37,213-96.3% | $156,551-99.1% | $63,975-97.8% |
| Participation rate | 63.2% | 65.0%-1.8pp | 84.0%-20.8pp | 71.1%-7.9pp |
| Annual return | 105.55% | 47.89%+57.7pp | 32.23%+73.3pp | 48.65%+56.9pp |
| Employer contribution / active EE | $0 | $1,357-100.0% | $5,501-100.0% | $2,182-100.0% |
| Participant deferral / active EE | $867 | $2,070-58.1% | $4,871-82.2% | $3,356-74.2% |
| Admin fee / account holder | $39 | $56-30.1% | $13,028-99.7% | $70-44.1% |