Filed September 1, 2023 (most recent of 2 filings on file)
Total covered: 2 employees
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $46,688-33.8% | $189,758-83.7% | $69,733-55.7% |
| Participation rate | 53.8% | 61.7%-7.9pp | 79.8%-26.0pp | 62.5%-8.6pp |
| Annual return | 15.37% | 14.35%+1.0pp | 52.62%-37.2pp | 15.22%+0.1pp |
| Employer contribution / active EE | $304 | $1,695-82.0% | $4,767-93.6% | $2,250-86.5% |
| Participant deferral / active EE | $2,629 | $2,143+22.7% | $5,856-55.1% | $3,054-13.9% |
| Admin fee / account holder | $127 | $1,700-92.5% | $20,388-99.4% | $3,102-95.9% |