Filed July 19, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $15,800 |
ALEGRIA ASSET MANAGEMENT1 year Service code 27 · EIN 93-0987232 | Advisory (Plan) | $5,874 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,013 | $62,166-80.7% | $81,286-85.2% | $74,429-83.9% |
| Participation rate | 54.9% | 64.1%-9.1pp | 69.5%-14.6pp | 67.2%-12.3pp |
| Annual return | 14.80% | 16.50%-1.7pp | 24.80%-10.0pp | 1368.38%-1353.6pp |
| Employer contribution / active EE | $679 | $1,881-63.9% | $2,463-72.4% | $2,625-74.1% |
| Participant deferral / active EE | $1,002 | $3,223-68.9% | $3,883-74.2% | $4,348-76.9% |
| Admin fee / account holder | $126 | $1,925-93.4% | $5,764-97.8% | $1,944-93.5% |