Filed December 1, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $4,109 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $20,548 | $61,473-66.6% | $81,926-74.9% | $73,412-72.0% |
| Participation rate | 88.3% | 72.4%+15.9pp | 72.0%+16.3pp | 72.2%+16.1pp |
| Annual return | 17.08% | 28.26%-11.2pp | 29.49%-12.4pp | 59.30%-42.2pp |
| Employer contribution / active EE | $1,271 | $1,898-33.0% | $4,310-70.5% | $2,234-43.1% |
| Participant deferral / active EE | $2,456 | $3,080-20.3% | $7,108-65.4% | $3,806-35.5% |
| Admin fee / account holder | $13 | $125-89.7% | $5,159-99.7% | $158-91.8% |