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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC4+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $13,180 |
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 | $18,654 | $42,810-56.4% | $169,452-89.0% | $55,725-66.5% |
| Participation rate | 65.2% | 64.7%+0.4pp | 77.8%-12.6pp | 70.9%-5.7pp |
| Annual return | -4.35% | -3.61%-0.7pp | 1.83%-6.2pp | 244.93%-249.3pp |
| Employer contribution / active EE | $189 | $1,402-86.5% | $4,157-95.4% | $2,078-90.9% |
| Participant deferral / active EE | $1,349 | $3,141-57.0% | $5,277-74.4% | $3,356-59.8% |
| Admin fee / account holder | $22 | $106-79.0% | $9,110-99.8% | $115-80.6% |