Filed March 13, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
SENTINEL PENSION ADVISORS2 years Filed as: SENTINEL BENEFITS GROUP, LLC Service code 15 · EIN 20-5916766 | Recordkeeping | $39,405 |
SENTINEL PENSION ADVISORS2 years Service code 26 · EIN 04-3422848 | Advisory (Participants) | $34,682 |
Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259 | Securities Custodian | $5,165 |
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 | $68,391 | $122,239-44.1% | $184,203-62.9% | $74,495-8.2% |
| Participation rate | 99.4% | 85.5%+14.0pp | 86.8%+12.6pp | 67.2%+32.2pp |
| Annual return | 12.80% | 19.95%-7.1pp | 28.81%-16.0pp | 1364.94%-1352.1pp |
| Employer contribution / active EE | $5,115 | $4,537+12.7% | $6,427-20.4% | $2,623+95.0% |
| Participant deferral / active EE | $5,669 | $7,139-20.6% | $9,131-37.9% | $4,346+30.5% |
| Admin fee / account holder | $339 | $1,260-73.1% | $13,901-97.6% | $1,942-82.6% |