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| Provider | Service type | Compensation |
|---|---|---|
SUMMIT CPA GROUP4 years Service code 10 · EIN 11-3730017 9815 DAWSONS CREEK BLVD · FT. WAYNE, IN 46825 | Accounting | $7,200 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $57,191 | $58,895-2.9% | $178,503-68.0% | $73,497-22.2% |
| Participation rate | 69.7% | 66.2%+3.5pp | 81.9%-12.2pp | 70.7%-1.0pp |
| Annual return | 14.54% | 24.86%-10.3pp | 151.12%-136.6pp | 28.51%-14.0pp |
| Employer contribution / active EE | $735 | $2,236-67.1% | $5,011-85.3% | $2,270-67.6% |
| Participant deferral / active EE | $4,296 | $2,567+67.4% | $5,202-17.4% | $3,740+14.9% |
| Admin fee / account holder | $257 | $400-35.8% | $13,987-98.2% | $513-49.9% |