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| Provider | Service type | Compensation |
|---|---|---|
PENSION STRATEGIES, LLC1+ years Service code 13 · EIN 20-0333992 | Contract Administrator | $180 |
Service code 64 · EIN 84-0467907 | Recordkeeping Fees | $100 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $3,491 | $38,595-91.0% | $80,004-95.6% | $52,331-93.3% |
| Participation rate | 58.4% | 64.5%-6.1pp | 73.0%-14.6pp | 68.1%-9.7pp |
| Annual return | 0.00% | 2.04%-2.0pp | 7.63%-7.6pp | 4.54%-4.5pp |
| Employer contribution / active EE | $744 | $1,133-34.3% | $2,473-69.9% | $1,882-60.4% |
| Participant deferral / active EE | $1,674 | $2,318-27.8% | $3,204-47.8% | $3,022-44.6% |
| Admin fee / account holder | $2 | $304-99.3% | $5,033-100.0% | $592-99.6% |