Filed May 19, 2024
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| Provider | Service type | Compensation |
|---|---|---|
GYL FINANCIAL SYNERGIES3 years Service code 26 55 POST ROAD WEST, SUITE 300 · WESTPORT, CT 06880 | Advisory (Participants) | $31,959 |
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 | $43,174 | $63,471-32.0% | $68,803-37.3% | $66,949-35.5% |
| Participation rate | 93.8% | 60.0%+33.8pp | 69.0%+24.7pp | 69.8%+23.9pp |
| Annual return | -13.79% | -8.29%-5.5pp | -6.37%-7.4pp | 1.57%-15.4pp |
| Employer contribution / active EE | $2,860 | $1,776+61.0% | $2,656+7.7% | $2,545+12.3% |
| Participant deferral / active EE | $5,779 | $2,946+96.2% | $3,942+46.6% | $4,239+36.3% |
| Admin fee / account holder | $173 | $578-70.0% | $4,936-96.5% | $594-70.8% |