Filed June 20, 2022
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| Provider | Service type | Compensation |
|---|---|---|
EMPRISE BANK2 years Service code 24 257 N. BROADWAY · WICHITA, KS 67202 | Discretionary Trustee | $24,775 |
Filed as: ALLEN GIBBS & HOULIK LC Service code 15 301 N. MAIN · WICHITA, KS 67202 | Recordkeeping | $10,404 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $50,203 | $60,795-17.4% | $69,464-27.7% | $65,185-23.0% |
| Participation rate | 63.4% | 74.9%-11.4pp | 74.6%-11.2pp | 70.2%-6.8pp |
| Annual return | 23.07% | 17.46%+5.6pp | 28.98%-5.9pp | 29.38%-6.3pp |
| Employer contribution / active EE | $642 | $2,452-73.8% | $2,779-76.9% | $2,177-70.5% |
| Participant deferral / active EE | $1,960 | $3,162-38.0% | $3,536-44.6% | $3,514-44.2% |
| Admin fee / account holder | $220 | $314-29.9% | $3,840-94.3% | $847-74.0% |