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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $2,451 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $11,228 | $46,360-75.8% | $147,618-92.4% | $52,331-78.5% |
| Participation rate | 60.5% | 64.9%-4.4pp | 84.6%-24.1pp | 68.1%-7.6pp |
| Annual return | -1.36% | 1.62%-3.0pp | 61.98%-63.3pp | 4.54%-5.9pp |
| Employer contribution / active EE | $383 | $2,126-82.0% | $5,565-93.1% | $1,882-79.7% |
| Participant deferral / active EE | $1,041 | $2,258-53.9% | $4,895-78.7% | $3,022-65.6% |
| Admin fee / account holder | $24 | $766-96.8% | $11,612-99.8% | $592-95.9% |