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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $32,499 |
ROCKLAND TRUST2+ years Service code 27 2036 WASHINGTON ST · HANOVER, MA 02339 | Advisory (Plan) | $23,295 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $80,314 | $60,165+33.5% | $74,184+8.3% | $55,167+45.6% |
| Participation rate | 87.9% | 74.2%+13.7pp | 76.6%+11.2pp | 69.0%+18.9pp |
| Annual return | 6.29% | 10.00%-3.7pp | 17.74%-11.4pp | 169.23%-162.9pp |
| Employer contribution / active EE | $4,001 | $1,600+150.1% | $2,370+68.8% | $1,963+103.8% |
| Participant deferral / active EE | $5,925 | $2,973+99.3% | $3,550+66.9% | $3,054+94.0% |
| Admin fee / account holder | $410 | $419-2.2% | $5,586-92.7% | $504-18.6% |