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 | $43,749-29.4% | $158,223-80.5% | $65,306-52.7% |
| Participation rate | 53.8% | 56.9%-3.0pp | 79.2%-25.4pp | 57.7%-3.8pp |
| Annual return | 15.37% | 19.41%-4.0pp | 52.09%-36.7pp | 21.94%-6.6pp |
| Employer contribution / active EE | $304 | $1,497-79.7% | $4,109-92.6% | $1,967-84.5% |
| Participant deferral / active EE | $2,629 | $2,019+30.2% | $5,467-51.9% | $2,959-11.2% |
| Admin fee / account holder | $127 | $1,930-93.4% | $16,047-99.2% | $3,480-96.3% |