Filed March 7, 2018
Total covered: 11 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044 | Recordkeeping | $23,427 |
QM ADVISORS LLC2 years Service code 27 · EIN 83-0830024 | Advisory (Plan) | $21,906 |
ASCENSUS LLC2 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843 | Recordkeeping | $5,450 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,474 | $106,236-62.8% | $112,258-64.8% | $64,814-39.1% |
| Participation rate | 58.0% | 71.7%-13.7pp | 75.1%-17.1pp | 71.5%-13.5pp |
| Annual return | 6.12% | -6.02%+12.1pp | 27.47%-21.4pp | 32.84%-26.7pp |
| Employer contribution / active EE | $1,785 | $3,166-43.6% | $3,636-50.9% | $2,507-28.8% |
| Participant deferral / active EE | $3,013 | $3,785-20.4% | $4,728-36.3% | $4,310-30.1% |
| Admin fee / account holder | $235 | $452-47.9% | $6,411-96.3% | $188+25.3% |