Filed January 24, 2024
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| Provider | Service type | Compensation |
|---|---|---|
UNION BANK & TRUST COMPANY5 years Service code 12 · EIN 47-0321480 | Trustee (bank, trust company, or simi... | $56,230 |
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.
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 | $53,414 | $107,218-50.2% | $115,768-53.9% | $79,634-32.9% |
| Participation rate | 62.3% | 76.8%-14.5pp | 74.4%-12.1pp | 62.5%-0.2pp |
| Annual return | 24.12% | 15.41%+8.7pp | 100.46%-76.3pp | 36.46%-12.3pp |
| Employer contribution / active EE | $0 | $3,627-100.0% | $2,940-100.0% | $2,529-100.0% |
| Participant deferral / active EE | $2,936 | $5,091-42.3% | $4,917-40.3% | $3,835-23.4% |
| Admin fee / account holder | $138 | $576-75.9% | $12,439-98.9% | $1,002-86.2% |