| Provider | Service type | Compensation |
|---|---|---|
SUMMIT FINANCIAL CORPORATION2+ years Filed as: SUMMIT FINANCIAL CORP Service code 16 · EIN 04-3222046 | Consulting | $135,322 |
CARON & BLETZER, PLLC1 year Filed as: CARON BLETZER Service code 16 · EIN 04-3499945 | Consulting | $8,320 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$159,168 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported that benefits due were not provided when due.
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $383,235 | $75,183+409.7% | $123,894+209.3% | $55,167+594.7% |
| Participation rate | 97.0% | 72.8%+24.1pp | 81.4%+15.6pp | 69.0%+28.0pp |
| Annual return | 7.59% | 19.01%-11.4pp | 47.52%-39.9pp | 169.23%-161.6pp |
| Employer contribution / active EE | $15,591 | $2,823+452.2% | $4,617+237.7% | $1,963+694.4% |
| Participant deferral / active EE | $10,450 | $5,084+105.5% | $5,984+74.6% | $3,054+242.2% |
| Admin fee / account holder | $810 | $663+22.2% | $8,357-90.3% | $504+60.7% |