Filed March 20, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $3,300 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $31,384 | $37,446-16.2% | $77,513-59.5% | $79,852-60.7% |
| Participation rate | 22.9% | 41.5%-18.7pp | 54.2%-31.3pp | 69.6%-46.8pp |
| Annual return | 14.09% | 39.76%-25.7pp | 54.81%-40.7pp | 31.72%-17.6pp |
| Employer contribution / active EE | $0 | $637-100.0% | $987-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $740 | $1,261-41.3% | $1,861-60.2% | $3,740-80.2% |
| Admin fee / account holder | $305 | $2,506-87.8% | $2,859-89.3% | $5,306-94.3% |