Filed January 11, 2024
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| Provider | Service type | Compensation |
|---|---|---|
INGHAM & COMPANY2+ years Service code 13 · EIN 65-0170152 | Contract Administrator | $38,831 |
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 | $38,719 | $37,044+4.5% | $71,796-46.1% | $57,658-32.8% |
| Participation rate | 18.7% | 61.1%-42.5pp | 69.1%-50.5pp | 70.2%-51.6pp |
| Annual return | 8.11% | 12.64%-4.5pp | 78.04%-69.9pp | 5.13%+3.0pp |
| Employer contribution / active EE | $0 | $720-100.0% | $1,924-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $706 | $1,974-64.2% | $2,794-74.7% | $3,061-76.9% |
| Admin fee / account holder | $278 | $101+175.8% | $4,815-94.2% | $95+194.4% |