Filed October 28, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC2+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $44,773 |
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 | $9,020 | $22,291-59.5% | $69,182-87.0% | $63,975-85.9% |
| Participation rate | 23.6% | 35.3%-11.7pp | 55.1%-31.5pp | 71.1%-47.6pp |
| Annual return | 7.91% | 9.30%-1.4pp | -21.93%+29.8pp | 48.65%-40.7pp |
| Employer contribution / active EE | $94 | $325-71.1% | $1,206-92.2% | $2,182-95.7% |
| Participant deferral / active EE | $514 | $808-36.4% | $1,897-72.9% | $3,356-84.7% |
| Admin fee / account holder | $23 | $73-67.8% | $2,697-99.1% | $70-66.6% |