Filed April 28, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 711 HIGH STREET · DES MOINES, IA 50392 | Contract Administrator | $9,675 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $7,494 | $55,453-86.5% | $170,435-95.6% | $62,293-88.0% |
| Participation rate | 47.8% | 66.4%-18.5pp | 83.6%-35.8pp | 69.5%-21.7pp |
| Annual return | 15.01% | 21.38%-6.4pp | 205.94%-190.9pp | 28.90%-13.9pp |
| Employer contribution / active EE | $205 | $2,164-90.5% | $5,432-96.2% | $2,042-89.9% |
| Participant deferral / active EE | $758 | $2,303-67.1% | $4,939-84.7% | $3,169-76.1% |
| Admin fee / account holder | $66 | $455-85.5% | $13,881-99.5% | $479-86.2% |