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| Provider | Service type | Compensation |
|---|---|---|
UNION BANK & TRUST COMPANY3+ years Service code 12 · EIN 47-0321480 | Sub-transfer agency fees; Recordkeepi... | $15,278 |
MATRIX CLEARANCE AND SETTLEMENT3+ years Service code 33 · EIN 13-4046432 | Securities brokerage; Sub-transfer ag... | $0 |
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.
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 | $26,874 | $46,297-42.0% | $71,671-62.5% | $62,293-56.9% |
| Participation rate | 59.8% | 60.6%-0.8pp | 68.7%-8.9pp | 69.5%-9.7pp |
| Annual return | 14.56% | 22.32%-7.8pp | 20.65%-6.1pp | 28.90%-14.3pp |
| Employer contribution / active EE | $80 | $1,412-94.3% | $2,460-96.8% | $2,042-96.1% |
| Participant deferral / active EE | $1,544 | $2,235-30.9% | $3,438-55.1% | $3,169-51.3% |
| Admin fee / account holder | $112 | $461-75.8% | $5,558-98.0% | $479-76.7% |