Filed August 25, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $263 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,130 | $63,924-70.1% | $108,582-82.4% | $55,167-65.3% |
| Participation rate | 59.9% | 74.3%-14.5pp | 79.6%-19.7pp | 69.0%-9.1pp |
| Annual return | 13.16% | 15.31%-2.1pp | -51.70%+64.9pp | 169.23%-156.1pp |
| Employer contribution / active EE | $682 | $1,879-63.7% | $3,758-81.9% | $1,963-65.3% |
| Participant deferral / active EE | $1,693 | $3,067-44.8% | $4,311-60.7% | $3,054-44.6% |
| Admin fee / account holder | $34 | $618-94.5% | $7,645-99.6% | $504-93.2% |