Filed September 1, 2023 (most recent of 2 filings on file)
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1 year Service code 15 | Recordkeeping | $2 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $30,907 | $43,496-28.9% | $161,489-80.9% | $64,340-52.0% |
| Participation rate | 53.8% | 53.5%+0.3pp | 78.7%-24.9pp | 55.2%-1.4pp |
| Annual return | 15.37% | 20.76%-5.4pp | 89.72%-74.3pp | 24.14%-8.8pp |
| Employer contribution / active EE | $304 | $1,431-78.7% | $4,268-92.9% | $1,862-83.7% |
| Participant deferral / active EE | $2,629 | $1,996+31.7% | $5,630-53.3% | $2,980-11.8% |
| Admin fee / account holder | $127 | $2,330-94.5% | $16,006-99.2% | $3,703-96.6% |