Filed July 6, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $194,890 |
Filed as: RAYMOND JAMES FIN SVCS ADVISORS Service code 27 · EIN 59-2937883 | Advisory (Plan) | $33,319 |
WINDHAM BRANNON1 year Service code 10 · EIN 58-1763439 | Accounting | $16,000 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $70,931 | $43,709+62.3% | $61,491+15.4% | $64,814+9.4% |
| Participation rate | 69.6% | 69.2%+0.4pp | 79.3%-9.8pp | 71.5%-1.9pp |
| Annual return | 20.66% | -9.98%+30.6pp | -12.98%+33.6pp | 32.84%-12.2pp |
| Employer contribution / active EE | $2,575 | $2,113+21.8% | $4,246-39.4% | $2,507+2.7% |
| Participant deferral / active EE | $5,380 | $3,022+78.0% | $5,188+3.7% | $4,310+24.8% |
| Admin fee / account holder | $303 | $131+130.7% | $4,312-93.0% | $188+61.1% |