Filed September 27, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $4,205 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $81,561 | $63,114+29.2% | $92,915-12.2% | $65,186+25.1% |
| Participation rate | 90.3% | 68.8%+21.5pp | 76.0%+14.3pp | 70.2%+20.1pp |
| Annual return | 19.65% | 28.75%-9.1pp | 109.45%-89.8pp | 29.39%-9.7pp |
| Employer contribution / active EE | $0 | $2,571-100.0% | $3,653-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $7,689 | $3,108+147.4% | $4,238+81.4% | $3,514+118.8% |
| Admin fee / account holder | $35 | $624-94.5% | $5,796-99.4% | $847-95.9% |