Filed October 28, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754 | Recordkeeping | $60,995 |
NEWPORT GROUP, INC.1 year Filed as: MATRIX FINANCIAL SOLUTIONS Service code 55 · EIN 20-1591048 | Other Commissions | $6,266 |
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 | $9,539 | $23,119-58.7% | $71,089-86.6% | $75,289-87.3% |
| Participation rate | 25.7% | 36.3%-10.6pp | 54.6%-28.9pp | 72.4%-46.7pp |
| Annual return | -7.29% | -3.32%-4.0pp | 650.65%-657.9pp | -0.04%-7.2pp |
| Employer contribution / active EE | $145 | $399-63.7% | $1,088-86.7% | $2,405-94.0% |
| Participant deferral / active EE | $739 | $960-23.0% | $1,873-60.5% | $3,739-80.2% |
| Admin fee / account holder | $22 | $89-75.5% | $3,082-99.3% | $102-78.6% |