Filed June 25, 2021
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $1,770 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $7,016 | $46,360-84.9% | $147,618-95.2% | $52,331-86.6% |
| Participation rate | 61.1% | 64.9%-3.8pp | 84.6%-23.5pp | 68.1%-7.0pp |
| Annual return | -0.12% | 1.62%-1.7pp | 61.98%-62.1pp | 4.54%-4.7pp |
| Employer contribution / active EE | $357 | $2,126-83.2% | $5,565-93.6% | $1,882-81.0% |
| Participant deferral / active EE | $675 | $2,258-70.1% | $4,895-86.2% | $3,022-77.7% |
| Admin fee / account holder | $11 | $766-98.5% | $11,612-99.9% | $592-98.1% |