Filed February 27, 2015 (most recent of 2 filings on file)
Total covered: 6 employees
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| Provider | Service type | Compensation |
|---|---|---|
AMERITAS LIFE INSURANCE CORP2+ years Service code 15 · EIN 47-0098400 | Recordkeeping | $10,805 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $18,968 | $74,024-74.4% | $78,002-75.7% | $57,658-67.1% |
| Participation rate | 61.3% | 79.7%-18.5pp | 75.5%-14.3pp | 70.2%-9.0pp |
| Annual return | 8.80% | 12.14%-3.3pp | 425.99%-417.2pp | 5.13%+3.7pp |
| Employer contribution / active EE | $1,156 | $2,365-51.1% | $2,470-53.2% | $1,974-41.4% |
| Participant deferral / active EE | $1,764 | $3,533-50.1% | $3,497-49.6% | $3,061-42.4% |
| Admin fee / account holder | $29 | $93-68.4% | $5,481-99.5% | $95-68.9% |