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 | $2,788 |
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 | $30,741 | $60,545-49.2% | $92,239-66.7% | $69,631-55.9% |
| Participation rate | 33.2% | 72.2%-38.9pp | 76.5%-43.2pp | 70.7%-37.4pp |
| Annual return | 17.14% | 19.71%-2.6pp | 176.29%-159.2pp | 27571.02%-27553.9pp |
| Employer contribution / active EE | $0 | $2,633-100.0% | $3,680-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $1,908 | $2,828-32.5% | $3,897-51.0% | $3,224-40.8% |
| Admin fee / account holder | $12 | $145-91.5% | $5,194-99.8% | $110-88.9% |