Filed June 25, 2021
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC2+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $10,345 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $8,744 | $46,732-81.3% | $156,551-94.4% | $55,167-84.2% |
| Participation rate | 64.5% | 65.8%-1.3pp | 84.0%-19.5pp | 69.0%-4.5pp |
| Annual return | 3.01% | 17.72%-14.7pp | 32.23%-29.2pp | 169.23%-166.2pp |
| Employer contribution / active EE | $505 | $2,105-76.0% | $5,501-90.8% | $1,963-74.3% |
| Participant deferral / active EE | $873 | $2,204-60.4% | $4,871-82.1% | $3,054-71.4% |
| Admin fee / account holder | $61 | $418-85.4% | $13,028-99.5% | $504-87.9% |