| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $38,640 |
EPIC RETIREMENT PLAN SERVICES2+ years Service code 15 · EIN 16-1450952 | Recordkeeping | $23,663 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,494 | $122,128-84.0% | $147,117-86.7% | $200,096-90.3% |
| Participation rate | 48.5% | 78.2%-29.7pp | 82.2%-33.7pp | 72.0%-23.5pp |
| Annual return | 14.85% | 30.58%-15.7pp | 420.54%-405.7pp | 34.26%-19.4pp |
| Employer contribution / active EE | $1,572 | $4,093-61.6% | $4,932-68.1% | $3,038-48.3% |
| Participant deferral / active EE | $2,618 | $8,484-69.1% | $8,065-67.5% | $5,090-48.6% |
| Admin fee / account holder | $47 | $180-74.0% | $12,993-99.6% | $269-82.7% |