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| Provider | Service type | Compensation |
|---|---|---|
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVS Service code 15 · EIN 82-4555287 | Recordkeeping | $6,334 |
Filed as: RESOURCE BENEFITS ADMINSTRATORS Service code 15 · EIN 74-2533381 | Recordkeeping | $5,025 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,510 | $91,474-90.7% | $135,982-93.7% | $71,529-88.1% |
| Participation rate | 59.8% | 75.7%-15.9pp | 81.9%-22.2pp | 67.9%-8.2pp |
| Annual return | 25.45% | 29.89%-4.4pp | 68.32%-42.9pp | 28.97%-3.5pp |
| Employer contribution / active EE | $0 | $3,705-100.0% | $4,859-100.0% | $2,590-100.0% |
| Participant deferral / active EE | $3,337 | $7,095-53.0% | $7,760-57.0% | $4,291-22.2% |
| Admin fee / account holder | $68 | $1,267-94.7% | $10,767-99.4% | $1,588-95.7% |