Filed May 19, 2024
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| Provider | Service type | Compensation |
|---|---|---|
GYL FINANCIAL SYNERGIES2 years Filed as: GYL RESNICK Service code 26 55 POST ROAD WEST, SUITE 300 · WESTPORT, CT 06880 | Advisory (Participants) | $28,827 |
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,305 | $60,788-0.8% | $85,709-29.6% | $79,391-24.0% |
| Participation rate | 92.6% | 62.1%+30.5pp | 69.9%+22.7pp | 70.7%+21.9pp |
| Annual return | 14.21% | 16.57%-2.4pp | 21.49%-7.3pp | 116.88%-102.7pp |
| Employer contribution / active EE | $1,836 | $1,664+10.3% | $2,619-29.9% | $2,428-24.4% |
| Participant deferral / active EE | $6,204 | $2,920+112.5% | $3,924+58.1% | $4,046+53.4% |
| Admin fee / account holder | $202 | $439-54.0% | $6,876-97.1% | $627-67.8% |