Filed August 24, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1 year Filed as: FARMERS FINANCIAL SOLUTIONS, LLC Service code 55 31051 AGOURA RD · WESTLAKE VLG, CA 91361 | Other Commissions | $14,719 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $41,521 | $46,332-10.4% | $143,797-71.1% | $64,824-35.9% |
| Participation rate | 33.6% | 64.2%-30.6pp | 80.3%-46.7pp | 71.5%-37.9pp |
| Annual return | -13.22% | -10.05%-3.2pp | -0.04%-13.2pp | 32.84%-46.1pp |
| Employer contribution / active EE | $789 | $1,911-58.7% | $4,952-84.1% | $2,507-68.5% |
| Participant deferral / active EE | $2,432 | $2,647-8.1% | $5,638-56.9% | $4,311-43.6% |
| Admin fee / account holder | $216 | $154+40.3% | $14,679-98.5% | $188+14.9% |