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 | $45,343-31.8% | $150,298-79.4% | $67,986-54.5% |
| Participation rate | 53.8% | 51.9%+2.0pp | 77.8%-23.9pp | 57.2%-3.4pp |
| Annual return | 15.37% | 33.28%-17.9pp | 62.79%-47.4pp | 31.67%-16.3pp |
| Employer contribution / active EE | $304 | $1,462-79.2% | $4,154-92.7% | $2,019-84.9% |
| Participant deferral / active EE | $2,629 | $2,055+28.0% | $5,453-51.8% | $3,358-21.7% |
| Admin fee / account holder | $127 | $2,250-94.3% | $14,116-99.1% | $3,203-96.0% |