Filed September 14, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC2+ years Filed as: ASCENSUS CONSULTING Service code 16 5750 CASTLE CREEK PARKWAY, STE 200 · INDIANAPOLIS, IN 46250 | Consulting | $4,478 |
AXA EQUITABLE LIFE INSURANCE CO2+ years Filed as: AXA ADVISORS, LLC Service code 33 600 E. CARMEL DRIVE, SUITE 150 · CARMEL, IN 46032 | Securities brokerage; Distribution (1... | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer 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.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,885 | $68,408-82.6% | $57,196-79.2% | $57,658-79.4% |
| Participation rate | 39.1% | 79.1%-40.0pp | 75.3%-36.2pp | 70.2%-31.1pp |
| Annual return | 8.10% | 8.51%-0.4pp | 14.59%-6.5pp | 5.13%+3.0pp |
| Employer contribution / active EE | $415 | $2,869-85.5% | $2,683-84.5% | $1,974-79.0% |
| Participant deferral / active EE | $815 | $2,903-71.9% | $3,096-73.7% | $3,061-73.4% |
| Admin fee / account holder | $32 | $70-53.5% | $3,141-99.0% | $95-65.7% |