Filed April 29, 2020 (most recent of 7 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $1,738 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $35,583 | $50,498-29.5% | $75,784-53.0% | $55,191-35.5% |
| Participation rate | 46.7% | 69.4%-22.7pp | 75.8%-29.1pp | 69.2%-22.4pp |
| Annual return | -0.65% | 1.80%-2.4pp | 9.68%-10.3pp | 10.78%-11.4pp |
| Employer contribution / active EE | $0 | $2,291-100.0% | $3,323-100.0% | $1,899-100.0% |
| Participant deferral / active EE | $2,147 | $2,589-17.1% | $3,652-41.2% | $3,046-29.5% |
| Admin fee / account holder | $12 | $123-90.5% | $5,300-99.8% | $91-87.1% |