Filed September 14, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: AMERIPRISE FINANCIAL SERVICES, INC Service code 53 · EIN 41-0973005 50082 AMERIPRISE FIN CTR · MINNEAPOLIS, MN 55474 | Insurance Commissions | $0 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $16,673 | $91,695-81.8% | $67,575-75.3% | $77,736-78.6% |
| Participation rate | 89.5% | 76.0%+13.4pp | 72.9%+16.5pp | 70.6%+18.9pp |
| Annual return | 12.77% | 14.88%-2.1pp | 3528.98%-3516.2pp | 31.26%-18.5pp |
| Employer contribution / active EE | $1,287 | $3,189-59.6% | $2,736-52.9% | $2,728-52.8% |
| Participant deferral / active EE | $1,386 | $3,912-64.6% | $4,003-65.4% | $4,651-70.2% |
| Admin fee / account holder | $67 | $245-72.5% | $3,993-98.3% | $433-84.5% |