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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $330 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $33,314 | $50,464-34.0% | $75,784-56.0% | $52,331-36.3% |
| Participation rate | 21.7% | 66.8%-45.1pp | 75.8%-54.2pp | 68.1%-46.4pp |
| Annual return | 1.24% | 1.03%+0.2pp | 9.68%-8.4pp | 4.54%-3.3pp |
| Employer contribution / active EE | $0 | $1,988-100.0% | $3,323-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $1,258 | $2,570-51.1% | $3,652-65.6% | $3,022-58.4% |
| Admin fee / account holder | $7 | $1,103-99.3% | $5,300-99.9% | $592-98.8% |