Filed October 3, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $16,590 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $32,622 | $32,425+0.6% | $74,577-56.3% | $55,167-40.9% |
| Participation rate | 49.2% | 54.0%-4.8pp | 68.1%-18.9pp | 69.0%-19.8pp |
| Annual return | 5.52% | 10.63%-5.1pp | 20.47%-14.9pp | 169.23%-163.7pp |
| Employer contribution / active EE | $1,367 | $1,043+31.0% | $2,525-45.9% | $1,963-30.3% |
| Participant deferral / active EE | $3,130 | $1,995+56.9% | $3,458-9.5% | $3,054+2.5% |
| Admin fee / account holder | $61 | $748-91.9% | $4,138-98.5% | $504-87.9% |