Filed January 9, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $19,393 |
FOCUS 401K GROUP, LLC4 years Filed as: FOCUS 401K GROUP LLC Service code 99 · EIN 47-1258840 16415 ADDISON ROAD · ADDISON, TX 75001 | Other Fees | $11,875 |
WIRTH ROBERT E1 year Service code 49 · EIN 71-0294708 16051 ADDISON ROAD · ADDISON, TX 75001 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $33,037 | $89,093-62.9% | $102,434-67.7% | $77,736-57.5% |
| Participation rate | 58.2% | 80.9%-22.7pp | 76.5%-18.3pp | 70.6%-12.4pp |
| Annual return | 11.46% | 25.03%-13.6pp | 29.46%-18.0pp | 31.26%-19.8pp |
| Employer contribution / active EE | $931 | $2,699-65.5% | $3,023-69.2% | $2,728-65.9% |
| Participant deferral / active EE | $1,574 | $5,147-69.4% | $5,055-68.9% | $4,651-66.1% |
| Admin fee / account holder | $183 | $236-22.3% | $9,462-98.1% | $433-57.7% |