Filed September 29, 2022 (most recent of 5 filings on file)
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
UNITED BENEFITS GROUP1 year Service code 26 · EIN 01-0689331 | Advisory (Participants) | $5,350 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $18,566 | $54,390-65.9% | $117,039-84.1% | $69,631-73.3% |
| Participation rate | 69.9% | 58.5%+11.4pp | 77.2%-7.3pp | 70.7%-0.8pp |
| Annual return | 18.09% | 18.33%-0.2pp | 18.95%-0.9pp | 27571.02%-27552.9pp |
| Employer contribution / active EE | $0 | $1,357-100.0% | $3,785-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $1,811 | $2,076-12.8% | $3,929-53.9% | $3,224-43.8% |
| Admin fee / account holder | $31 | $98-68.2% | $5,974-99.5% | $110-71.8% |