Filed September 17, 2020
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 39-6040276 | Recordkeeping Fees | $3,500 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $41,655 | $66,302-37.2% | $110,243-62.2% | $56,289-26.0% |
| Participation rate | 54.3% | 74.9%-20.6pp | 79.8%-25.5pp | 69.9%-15.6pp |
| Annual return | -2.65% | -1.18%-1.5pp | 314.76%-317.4pp | -9.96%+7.3pp |
| Employer contribution / active EE | $411 | $2,047-79.9% | $3,827-89.3% | $2,111-80.5% |
| Participant deferral / active EE | $2,387 | $3,381-29.4% | $4,672-48.9% | $3,350-28.8% |
| Admin fee / account holder | $55 | $698-92.2% | $8,548-99.4% | $521-89.5% |