Filed August 24, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC2 years Filed as: FARMERS FINANCIAL SOLUTIONS, LLC Service code 55 · EIN 71-0294708 31051 AGOURA RD · WESTLAKE VLG, CA 91361 | Other Commissions | $17,007 |
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 | $48,284 | $47,180+2.3% | $149,723-67.8% | $74,473-35.2% |
| Participation rate | 35.1% | 63.4%-28.3pp | 78.8%-43.6pp | 70.7%-35.6pp |
| Annual return | 13.92% | 22.75%-8.8pp | 134.50%-120.6pp | 34.36%-20.4pp |
| Employer contribution / active EE | $784 | $1,907-58.9% | $4,821-83.7% | $2,638-70.3% |
| Participant deferral / active EE | $2,648 | $2,730-3.0% | $5,682-53.4% | $4,530-41.5% |
| Admin fee / account holder | $247 | $343-28.0% | $13,215-98.1% | $347-28.8% |