Filed January 16, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $59,386 |
UBS FINANCIAL SERVICES INC3 years Service code 27 · EIN 13-2638166 | Advisory (Plan) | $32,558 |
ORENDA RETIREMENT, LLC1 year Service code 13 · EIN 36-4877979 | Contract Administrator | $7,373 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $127,240 | $54,573+133.2% | $90,965+39.9% | $73,493+73.1% |
| Participation rate | 62.3% | 61.2%+1.1pp | 69.0%-6.7pp | 70.7%-8.4pp |
| Annual return | 17.63% | 16.69%+0.9pp | 134.57%-116.9pp | 28.51%-10.9pp |
| Employer contribution / active EE | $2,142 | $991+116.0% | $2,122+0.9% | $2,270-5.7% |
| Participant deferral / active EE | $5,824 | $2,517+131.4% | $3,373+72.7% | $3,740+55.7% |
| Admin fee / account holder | $564 | $521+8.2% | $5,960-90.5% | $513+10.0% |