Filed August 24, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC3 years Filed as: FARMERS FINANCIAL SOLUTIONS, LLC Service code 55 · EIN 71-0294708 31051 AGOURA RD · WESTLAKE VLG, CA 91361 | Other Commissions | $23,585 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 | $46,271 | $50,919-9.1% | $155,556-70.3% | $77,762-40.5% |
| Participation rate | 35.7% | 63.1%-27.4pp | 78.2%-42.6pp | 70.6%-34.9pp |
| Annual return | 9.82% | 34.84%-25.0pp | 64.84%-55.0pp | 31.27%-21.4pp |
| Employer contribution / active EE | $824 | $1,991-58.6% | $4,675-82.4% | $2,728-69.8% |
| Participant deferral / active EE | $2,994 | $2,824+6.0% | $5,631-46.8% | $4,651-35.6% |
| Admin fee / account holder | $268 | $437-38.7% | $15,885-98.3% | $433-38.1% |