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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC2 years Service code 15 · EIN 11-3665754 | Recordkeeping | $2,630 |
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).
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 | $16,799 | $78,672-78.6% | $109,163-84.6% | $85,856-80.4% |
| Participation rate | 60.5% | 68.3%-7.7pp | 75.9%-15.4pp | 69.3%-8.8pp |
| Annual return | 16.91% | 25.09%-8.2pp | 25.75%-8.8pp | 318.58%-301.7pp |
| Employer contribution / active EE | $1,471 | $2,734-46.2% | $3,723-60.5% | $2,565-42.6% |
| Participant deferral / active EE | $3,331 | $3,467-3.9% | $4,654-28.4% | $3,952-15.7% |
| Admin fee / account holder | $46 | $5,470-99.2% | $6,754-99.3% | $6,261-99.3% |