Filed March 6, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 525562556 | Advisory (Plan) | $23,888 |
ASCENSUS LLC1 year Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843 P.O. BOX 55788 · BOSTON, MA 02205 | Recordkeeping | $22,145 |
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,844 | $82,979-76.1% | $102,412-80.6% | $77,736-74.5% |
| Participation rate | 86.7% | 71.5%+15.2pp | 74.5%+12.2pp | 70.6%+16.1pp |
| Annual return | 15.71% | 19.11%-3.4pp | 24.94%-9.2pp | 31.26%-15.6pp |
| Employer contribution / active EE | $1,884 | $3,554-47.0% | $3,870-51.3% | $2,728-30.9% |
| Participant deferral / active EE | $2,509 | $4,109-38.9% | $5,060-50.4% | $4,651-46.0% |
| Admin fee / account holder | $136 | $639-78.7% | $8,388-98.4% | $433-68.7% |