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| Provider | Service type | Compensation |
|---|---|---|
THE BENEFIT PRACTICE2 years Service code 15 · EIN 13-4144565 | Recordkeeping | $13,755 |
NEPWM LLC/PATRICK VAN ROTEN2 years Service code 27 40 WALL ST · NEW YORK, NY 100051367 | Advisory (Plan) | $13,186 |
LINCOLN NATIONAL CORPORATION2 years Service code 13 · EIN 35-1140070 | Contract Administrator | $9,127 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,864 | $76,670-54.5% | $96,683-63.9% | $71,457-51.2% |
| Participation rate | 54.3% | 66.6%-12.3pp | 74.3%-20.0pp | 67.9%-13.6pp |
| Annual return | 17.03% | 48.29%-31.3pp | 35.69%-18.7pp | 28.85%-11.8pp |
| Employer contribution / active EE | $676 | $3,031-77.7% | $3,737-81.9% | $2,588-73.9% |
| Participant deferral / active EE | $3,497 | $3,771-7.3% | $4,878-28.3% | $4,289-18.5% |
| Admin fee / account holder | $203 | $2,028-90.0% | $6,730-97.0% | $1,587-87.2% |