Filed October 28, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1+ years Filed as: ASCENSUS Service code 37 · EIN 11-3665754 | Loan Processing | $37,207 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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.
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 | $8,701 | $21,965-60.4% | $59,496-85.4% | $59,188-85.3% |
| Participation rate | 23.9% | 32.6%-8.6pp | 54.6%-30.6pp | 69.4%-45.5pp |
| Annual return | -1.71% | 22.15%-23.9pp | 182.05%-183.8pp | 5.51%-7.2pp |
| Employer contribution / active EE | $94 | $316-70.2% | $1,153-91.8% | $2,098-95.5% |
| Participant deferral / active EE | $481 | $732-34.3% | $1,829-73.7% | $3,265-85.3% |
| Admin fee / account holder | $25 | $74-67.0% | $2,232-98.9% | $92-73.4% |