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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC2+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $7,521 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $19,401 | $60,165-67.8% | $74,184-73.8% | $55,167-64.8% |
| Participation rate | 46.2% | 74.2%-27.9pp | 76.6%-30.4pp | 69.0%-22.8pp |
| Annual return | 5.80% | 10.00%-4.2pp | 17.74%-11.9pp | 169.23%-163.4pp |
| Employer contribution / active EE | $513 | $1,600-67.9% | $2,370-78.4% | $1,963-73.9% |
| Participant deferral / active EE | $835 | $2,973-71.9% | $3,550-76.5% | $3,054-72.7% |
| Admin fee / account holder | $128 | $419-69.4% | $5,586-97.7% | $504-74.5% |