Filed August 28, 2024 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC4 years Service code 15 · EIN 11-3665754 | Recordkeeping | $2,610 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,888 | $56,540-18.8% | $185,851-75.3% | $86,821-47.1% |
| Participation rate | 29.7% | 65.5%-35.8pp | 81.7%-52.0pp | 72.3%-42.6pp |
| Annual return | 13.28% | 118.20%-104.9pp | 122.11%-108.8pp | 97.94%-84.7pp |
| Employer contribution / active EE | $424 | $1,844-77.0% | $5,168-91.8% | $2,406-82.4% |
| Participant deferral / active EE | $1,268 | $2,555-50.4% | $5,569-77.2% | $4,132-69.3% |
| Admin fee / account holder | $16 | $150-89.3% | $16,245-99.9% | $170-90.6% |