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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MAGII PENSIONSERVICES LLC Service code 13 490 WHEELER RD STE 265 · HAUPPAUGE, NY 117884365 | Contract Administrator | $48,097 |
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618 | Recordkeeping Fees | $16,915 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,386 | $37,463+50.5% | $77,100-26.9% | $66,949-15.8% |
| Participation rate | 66.7% | 52.9%+13.7pp | 67.9%-1.3pp | 69.8%-3.2pp |
| Annual return | -14.38% | -3.25%-11.1pp | 42.35%-56.7pp | 1.57%-15.9pp |
| Employer contribution / active EE | $2,354 | $1,535+53.4% | $2,815-16.4% | $2,545-7.5% |
| Participant deferral / active EE | $1,897 | $2,621-27.6% | $4,430-57.2% | $4,239-55.2% |
| Admin fee / account holder | $379 | $568-33.3% | $5,443-93.0% | $594-36.2% |