Filed March 3, 2022
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1+ years Filed as: RETIREMENT STRATEGIES GROUP, LLC Service code 13 800 WEST COMMERCE RD. STE 105 · NEW ORLEANS, LA 70123 | Contract Administrator | $10,608 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $22,094 | $39,245-43.7% | $64,105-65.5% | $52,331-57.8% |
| Participation rate | 55.1% | 58.2%-3.1pp | 68.2%-13.0pp | 68.1%-13.0pp |
| Annual return | -2.90% | 14.79%-17.7pp | 791.24%-794.1pp | 4.54%-7.4pp |
| Employer contribution / active EE | $477 | $736-35.2% | $1,820-73.8% | $1,882-74.6% |
| Participant deferral / active EE | $2,479 | $1,992+24.5% | $2,822-12.1% | $3,022-18.0% |
| Admin fee / account holder | $77 | $592-87.0% | $4,499-98.3% | $592-87.0% |