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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC2+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $2,940 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
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 | $16,581 | $63,924-74.1% | $108,582-84.7% | $55,167-69.9% |
| Participation rate | 90.9% | 74.3%+16.5pp | 79.6%+11.3pp | 69.0%+21.9pp |
| Annual return | 6.48% | 15.31%-8.8pp | -51.70%+58.2pp | 169.23%-162.8pp |
| Employer contribution / active EE | $417 | $1,879-77.8% | $3,758-88.9% | $1,963-78.7% |
| Participant deferral / active EE | $1,894 | $3,067-38.2% | $4,311-56.1% | $3,054-38.0% |
| Admin fee / account holder | $16 | $618-97.4% | $7,645-99.8% | $504-96.8% |