Filed January 26, 2022
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| Provider | Service type | Compensation |
|---|---|---|
ROCKLAND TRUST7+ years Service code 27 2036 WASHINGTON ST · HANOVER, MA 02339 | Advisory (Plan) | $56,697 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $38,881 |
RSM US LLP3 years Filed as: MCGLADREY LLP Service code 10 5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674 | Accounting | $10,500 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $132,420 | $93,182+42.1% | $146,665-9.7% | $79,386+66.8% |
| Participation rate | 84.1% | 76.4%+7.7pp | 80.1%+4.1pp | 70.7%+13.4pp |
| Annual return | 17.03% | 21.61%-4.6pp | 22.74%-5.7pp | 116.85%-99.8pp |
| Employer contribution / active EE | $6,606 | $2,420+173.0% | $4,136+59.7% | $2,427+172.1% |
| Participant deferral / active EE | $3,845 | $4,169-7.8% | $5,506-30.2% | $4,046-5.0% |
| Admin fee / account holder | $450 | $585-23.0% | $10,280-95.6% | $626-28.1% |