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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 13-3689044 | Recordkeeping | $26,531 |
Filed as: BANK OF AMERICA NA Service code 27 · EIN 13-5674085 | Advisory (Plan) | $25,571 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,655 | $129,227-53.8% | $184,260-67.6% | $77,736-23.3% |
| Participation rate | 40.7% | 87.4%-46.6pp | 86.8%-46.1pp | 70.6%-29.8pp |
| Annual return | 24.72% | 33.24%-8.5pp | 28.84%-4.1pp | 31.26%-6.5pp |
| Employer contribution / active EE | $9 | $4,412-99.8% | $6,427-99.9% | $2,728-99.7% |
| Participant deferral / active EE | $4,857 | $7,307-33.5% | $9,133-46.8% | $4,651+4.4% |
| Admin fee / account holder | $247 | $256-3.4% | $13,898-98.2% | $433-43.0% |