Filed July 26, 2022
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| Provider | Service type | Compensation |
|---|---|---|
USI CONSULTING GROUP1 year Filed as: USI CONSULTING GROUP, INC. Service code 13 95 GLASTONBURY BLVD · GLASTONBURY, CT 06033 | Contract Administrator | $18,148 |
Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $3,390 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,305 | $106,264-27.3% | $147,117-47.5% | $77,762-0.6% |
| Participation rate | 47.5% | 78.4%-30.9pp | 82.2%-34.6pp | 70.6%-23.0pp |
| Annual return | 12.12% | 56.94%-44.8pp | 420.54%-408.4pp | 31.27%-19.1pp |
| Employer contribution / active EE | $1,164 | $4,074-71.4% | $4,932-76.4% | $2,728-57.3% |
| Participant deferral / active EE | $3,702 | $8,003-53.7% | $8,065-54.1% | $4,651-20.4% |
| Admin fee / account holder | $135 | $334-59.6% | $12,993-99.0% | $433-68.8% |