Filed July 6, 2017 (most recent of 2 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC2+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $45,960 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $32,559 | $58,758-44.6% | $69,779-53.3% | $63,975-49.1% |
| Participation rate | 68.4% | 77.5%-9.1pp | 71.8%-3.5pp | 71.1%-2.8pp |
| Annual return | 7.66% | 18.05%-10.4pp | 12.99%-5.3pp | 48.65%-41.0pp |
| Employer contribution / active EE | $280 | $1,973-85.8% | $2,338-88.0% | $2,182-87.1% |
| Participant deferral / active EE | $1,736 | $2,912-40.4% | $2,931-40.8% | $3,356-48.3% |
| Admin fee / account holder | $37 | $71-47.6% | $4,381-99.2% | $70-47.2% |