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| Provider | Service type | Compensation |
|---|---|---|
SUMMIT FINANCIAL GROUP INC1 year Service code 26 · EIN 59-2998483 | Advisory (Participants) | $3,861 |
Filed as: WILSHIRE ASSOCIATES INC(USA) Service code 26 · EIN 95-2755361 | Advisory (Participants) | $643 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $500 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,202 | $54,573-63.0% | $90,951-77.8% | $73,488-72.5% |
| Participation rate | 56.8% | 61.2%-4.4pp | 69.0%-12.3pp | 70.7%-13.9pp |
| Annual return | 13.48% | 16.69%-3.2pp | 134.60%-121.1pp | 28.51%-15.0pp |
| Employer contribution / active EE | $777 | $991-21.6% | $2,122-63.4% | $2,270-65.8% |
| Participant deferral / active EE | $1,229 | $2,517-51.2% | $3,373-63.6% | $3,740-67.1% |
| Admin fee / account holder | $244 | $521-53.2% | $5,959-95.9% | $513-52.4% |