Filed January 11, 2024
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| Provider | Service type | Compensation |
|---|---|---|
INGHAM & COMPANY1+ years Service code 13 · EIN 65-0170152 | Contract Administrator | $38,447 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,438 | $33,745+8.0% | $64,105-43.2% | $55,191-34.0% |
| Participation rate | 19.2% | 59.4%-40.2pp | 68.2%-49.0pp | 69.2%-50.0pp |
| Annual return | -1.48% | 4.95%-6.4pp | 791.24%-792.7pp | 10.78%-12.3pp |
| Employer contribution / active EE | $0 | $641-100.0% | $1,820-100.0% | $1,899-100.0% |
| Participant deferral / active EE | $757 | $1,929-60.7% | $2,822-73.2% | $3,046-75.1% |
| Admin fee / account holder | $282 | $94+199.1% | $4,499-93.7% | $91+210.8% |