Filed January 31, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $813 |
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 | $25,934 | $23,224+11.7% | $71,086-63.5% | $55,725-53.5% |
| Participation rate | 18.6% | 37.9%-19.3pp | 54.7%-36.1pp | 70.9%-52.3pp |
| Annual return | -6.77% | -2.87%-3.9pp | 650.59%-657.4pp | 244.93%-251.7pp |
| Employer contribution / active EE | $70 | $436-83.9% | $1,088-93.5% | $2,078-96.6% |
| Participant deferral / active EE | $537 | $929-42.2% | $1,874-71.3% | $3,356-84.0% |
| Admin fee / account holder | $170 | $118+44.0% | $3,082-94.5% | $115+47.4% |