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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754 | Recordkeeping | $1,870 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $11,213 | $69,383-83.8% | $101,275-88.9% | $73,497-84.7% |
| Participation rate | 44.3% | 68.4%-24.1pp | 75.8%-31.5pp | 70.7%-26.4pp |
| Annual return | 17.74% | 18.46%-0.7pp | 46.48%-28.7pp | 28.51%-10.8pp |
| Employer contribution / active EE | $773 | $2,628-70.6% | $3,660-78.9% | $2,270-65.9% |
| Participant deferral / active EE | $1,623 | $3,301-50.8% | $4,371-62.9% | $3,740-56.6% |
| Admin fee / account holder | $29 | $704-95.9% | $5,948-99.5% | $513-94.3% |