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| Provider | Service type | Compensation |
|---|---|---|
UNION BANK & TRUST COMPANY2 years Filed as: UNION BANK & TRUST Service code 15 · EIN 47-0321480 | Recordkeeping | $7,810 |
INDEPENDENCE BANK2 years Service code 21 · EIN 61-1347065 | Bank Trustee | $7,597 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $12,036 | $56,443-78.7% | $83,831-85.6% | $55,725-78.4% |
| Participation rate | 23.5% | 72.0%-48.5pp | 76.1%-52.6pp | 70.9%-47.3pp |
| Annual return | -5.62% | 393.67%-399.3pp | 850.99%-856.6pp | 244.93%-250.5pp |
| Employer contribution / active EE | $516 | $2,682-80.7% | $3,631-85.8% | $2,078-75.2% |
| Participant deferral / active EE | $0 | $2,965-100.0% | $4,082-100.0% | $3,356-100.0% |
| Admin fee / account holder | $128 | $156-17.8% | $5,479-97.7% | $115+11.5% |