Filed January 24, 2024
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| Provider | Service type | Compensation |
|---|---|---|
UNION BANK & TRUST COMPANY3 years Service code 12 · EIN 47-0321480 | Trustee (bank, trust company, or simi... | $43,151 |
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 | $36,807 | $84,784-56.6% | $98,450-62.6% | $74,440-50.6% |
| Participation rate | 67.2% | 81.5%-14.3pp | 75.2%-8.0pp | 70.7%-3.5pp |
| Annual return | 17.06% | 20.59%-3.5pp | 21.16%-4.1pp | 34.37%-17.3pp |
| Employer contribution / active EE | $0 | $3,364-100.0% | $3,049-100.0% | $2,638-100.0% |
| Participant deferral / active EE | $2,790 | $5,218-46.5% | $4,739-41.1% | $4,529-38.4% |
| Admin fee / account holder | $111 | $204-45.5% | $8,961-98.8% | $348-67.9% |