Filed April 20, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $8,009 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $93,026 | $58,888+58.0% | $178,499-47.9% | $73,493+26.6% |
| Participation rate | 41.5% | 66.2%-24.7pp | 81.9%-40.4pp | 70.7%-29.2pp |
| Annual return | 59.14% | 24.86%+34.3pp | 151.10%-92.0pp | 28.51%+30.6pp |
| Employer contribution / active EE | $1,032 | $2,236-53.9% | $5,011-79.4% | $2,270-54.6% |
| Participant deferral / active EE | $2,074 | $2,568-19.2% | $5,202-60.1% | $3,740-44.5% |
| Admin fee / account holder | $173 | $400-56.7% | $13,986-98.8% | $513-66.3% |