Filed January 23, 2023 (most recent of 2 filings on file)
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MML INVESTORS SERVICES LLC Service code 27 PO BOX 9500 · SPRINGFIELD, MA 011029500 | Advisory (Plan) | $45,584 |
Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $38,326 |
Filed as: TEAL, BECKER & CHIARAMONTE, CPAS Service code 13 7 WASHINGTON SQUARE · ALBANY, NY 12205 | Contract Administrator | $2,711 |
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 | $86,045 | $113,016-23.9% | $103,476-16.8% | $74,495+15.5% |
| Participation rate | 100.0% | 80.8%+19.2pp | 80.5%+19.5pp | 67.2%+32.8pp |
| Annual return | 13.49% | 23.24%-9.8pp | 23.90%-10.4pp | 1364.94%-1351.5pp |
| Employer contribution / active EE | $2,463 | $4,881-49.5% | $4,672-47.3% | $2,623-6.1% |
| Participant deferral / active EE | $7,421 | $7,279+1.9% | $6,623+12.1% | $4,346+70.8% |
| Admin fee / account holder | $369 | $1,709-78.4% | $9,413-96.1% | $1,942-81.0% |