Filed June 16, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754 | Recordkeeping | $3,030 |
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 | $34,060 | $47,922-28.9% | $75,894-55.1% | $65,185-47.7% |
| Participation rate | 97.5% | 63.0%+34.5pp | 69.3%+28.2pp | 70.2%+27.3pp |
| Annual return | 32.39% | 24.12%+8.3pp | 30.76%+1.6pp | 29.38%+3.0pp |
| Employer contribution / active EE | $2,906 | $1,557+86.6% | $2,501+16.2% | $2,177+33.5% |
| Participant deferral / active EE | $4,519 | $2,550+77.2% | $3,603+25.4% | $3,514+28.6% |
| Admin fee / account holder | $19 | $532-96.4% | $5,420-99.7% | $847-97.8% |