Filed February 3, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $390,435 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $8,121 | $43,466-81.3% | $99,489-91.8% | $89,609-90.9% |
| Participation rate | 36.2% | 41.5%-5.3pp | 73.8%-37.6pp | 69.6%-33.4pp |
| Annual return | 63.87% | 22.62%+41.2pp | 30.72%+33.1pp | 33.65%+30.2pp |
| Employer contribution / active EE | $411 | $788-47.8% | $2,541-83.8% | $2,584-84.1% |
| Participant deferral / active EE | $1,157 | $1,495-22.6% | $3,619-68.0% | $4,222-72.6% |
| Admin fee / account holder | $91 | $56+63.6% | $6,254-98.5% | $72+27.7% |