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| Provider | Service type | Compensation |
|---|---|---|
Filed as: HEALTHEQUITY RETIREMENT SERVICES, L Service code 12 · EIN 82-1222973 | Direct payment from the plan; Named f... | $7,358 |
Service code 12 · EIN 47-0098400 | Participant communication; Participan... | $6,028 |
MATRIX TRUST COMPANY4 years Service code 19 · EIN 75-3182674 | Securities Custodian | $642 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,948 | $65,428-68.0% | $169,390-87.6% | $71,511-70.7% |
| Participation rate | 45.8% | 66.9%-21.0pp | 77.2%-31.3pp | 67.9%-22.1pp |
| Annual return | 17.25% | 21.35%-4.1pp | 406.07%-388.8pp | 28.86%-11.6pp |
| Employer contribution / active EE | $1,071 | $2,064-48.1% | $4,013-73.3% | $2,589-58.6% |
| Participant deferral / active EE | $1,722 | $4,360-60.5% | $6,222-72.3% | $4,291-59.9% |
| Admin fee / account holder | $94 | $1,328-92.9% | $9,015-99.0% | $1,588-94.1% |