Filed September 18, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 35-0145825 | Recordkeeping | $67,803 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $2,839 | $41,617-93.2% | $84,628-96.6% | $77,775-96.3% |
| Participation rate | 66.7% | 45.0%+21.7pp | 68.2%-1.5pp | 73.2%-6.5pp |
| Annual return | 35.86% | 24.97%+10.9pp | 258.80%-222.9pp | 32.58%+3.3pp |
| Employer contribution / active EE | $0 | $1,061-100.0% | $2,653-100.0% | $2,504-100.0% |
| Participant deferral / active EE | $764 | $2,129-64.1% | $3,900-80.4% | $3,966-80.7% |
| Admin fee / account holder | $8 | $121-93.8% | $4,914-99.8% | $100-92.4% |