Filed January 24, 2024
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| Provider | Service type | Compensation |
|---|---|---|
UNION BANK & TRUST COMPANY2 years Service code 12 · EIN 47-0321480 | Recordkeeping and information managem... | $44,769 |
Service code 33 · EIN 13-4046432 | Securities brokerage; Sub-transfer ag... | $0 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,927 | $81,948-65.9% | $90,756-69.2% | $64,814-56.9% |
| Participation rate | 76.5% | 80.5%-3.9pp | 75.7%+0.8pp | 71.5%+5.1pp |
| Annual return | -16.04% | -12.53%-3.5pp | -12.16%-3.9pp | 32.84%-48.9pp |
| Employer contribution / active EE | $0 | $3,067-100.0% | $2,922-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $2,764 | $4,844-42.9% | $4,565-39.4% | $4,310-35.9% |
| Admin fee / account holder | $106 | $157-32.6% | $8,445-98.7% | $188-43.6% |