Filed March 15, 2022
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| Provider | Service type | Compensation |
|---|---|---|
UNION BANK & TRUST COMPANY10+ years Service code 12 · EIN 47-0321480 | Participant loan processing; Recordke... | $35,740 |
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,935 | $54,213-2.4% | $93,696-43.5% | $77,736-31.9% |
| Participation rate | 94.0% | 64.0%+30.1pp | 68.7%+25.3pp | 70.6%+23.4pp |
| Annual return | 14.52% | 30.55%-16.0pp | 133.74%-119.2pp | 31.26%-16.7pp |
| Employer contribution / active EE | $1,507 | $1,168+29.0% | $2,422-37.8% | $2,728-44.8% |
| Participant deferral / active EE | $4,515 | $3,145+43.6% | $4,417+2.2% | $4,651-2.9% |
| Admin fee / account holder | $51 | $575-91.0% | $8,287-99.4% | $433-88.1% |