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| Provider | Service type | Compensation |
|---|---|---|
THE VANGUARD GROUP, INC.3+ years Service code 15 · EIN 23-1945930 | Recordkeeping | $1,080 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,787 | $64,909-63.4% | $82,313-71.1% | $62,292-61.8% |
| Participation rate | 66.7% | 74.9%-8.2pp | 76.9%-10.2pp | 69.5%-2.8pp |
| Annual return | 17.53% | 21.18%-3.7pp | 25.88%-8.4pp | 28.90%-11.4pp |
| Employer contribution / active EE | $1,427 | $1,676-14.9% | $2,428-41.2% | $2,042-30.1% |
| Participant deferral / active EE | $2,949 | $3,103-5.0% | $3,706-20.4% | $3,169-6.9% |
| Admin fee / account holder | $9 | $440-97.9% | $5,608-99.8% | $479-98.0% |