Filed August 14, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $44 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $15,653 | $46,732-66.5% | $156,551-90.0% | $55,167-71.6% |
| Participation rate | 63.8% | 65.8%-2.0pp | 84.0%-20.2pp | 69.0%-5.2pp |
| Annual return | 8.95% | 17.72%-8.8pp | 32.23%-23.3pp | 169.23%-160.3pp |
| Employer contribution / active EE | $1,337 | $2,105-36.5% | $5,501-75.7% | $1,963-31.9% |
| Participant deferral / active EE | $1,045 | $2,204-52.6% | $4,871-78.5% | $3,054-65.8% |
| Admin fee / account holder | $1 | $418-99.7% | $13,028-100.0% | $504-99.7% |