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| Provider | Service type | Compensation |
|---|---|---|
SETAWAY LLC1 year Service code 13 | Contract Administrator | $10,293 |
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618 | Recordkeeping Fees | $1,282 |
Filed as: CREATIVE PENSION CONSULTANTS Service code 99 433 NEW KARNER ROAD · ALBANY, NY 122053809 | Other Fees | $780 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $49,180 | $69,383-29.1% | $101,275-51.4% | $73,497-33.1% |
| Participation rate | 47.4% | 68.4%-21.0pp | 75.8%-28.4pp | 70.7%-23.3pp |
| Annual return | 14.28% | 18.46%-4.2pp | 46.48%-32.2pp | 28.51%-14.2pp |
| Employer contribution / active EE | $1,243 | $2,628-52.7% | $3,660-66.0% | $2,270-45.2% |
| Participant deferral / active EE | $2,483 | $3,301-24.8% | $4,371-43.2% | $3,740-33.6% |
| Admin fee / account holder | $85 | $704-87.9% | $5,948-98.6% | $513-83.4% |