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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 84-0467907 | Recordkeeping | $2,570 |
Filed as: PENTEC PENSION MANAGEMENT GROUP Service code 13 | Contract Administrator | $1,899 |
Filed as: EMPOWER, ANUITY INSURANCE COMPANY O Service code 64 · EIN 84-0467907 | Recordkeeping Fees | $1,400 |
FROST INSURANCE AGENCY5 years Service code 22 · EIN 75-2760731 | Insurance Broker | $0 |
Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 64 | Recordkeeping Fees | $0 |
Filed as: PENTEC PENSION MANAGEMENT GROUP, IN Service code 13 · EIN 75-2776689 | Contract Administrator | $0 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,453 | $46,292-47.2% | $143,757-83.0% | $64,808-62.3% |
| Participation rate | 28.1% | 64.2%-36.2pp | 80.3%-52.2pp | 71.5%-43.4pp |
| Annual return | -15.69% | -10.05%-5.6pp | -0.04%-15.7pp | 32.82%-48.5pp |
| Employer contribution / active EE | $237 | $1,910-87.6% | $4,951-95.2% | $2,506-90.5% |
| Participant deferral / active EE | $1,238 | $2,646-53.2% | $5,637-78.0% | $4,310-71.3% |
| Admin fee / account holder | $134 | $154-12.5% | $14,673-99.1% | $188-28.4% |