Filed June 9, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $31,972 |
Service code 27 · EIN 35-2552359 | Advisory (Plan) | $19,857 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $127,056 | $54,757+132.0% | $90,300+40.7% | $72,983+74.1% |
| Participation rate | 93.3% | 65.1%+28.2pp | 73.3%+20.1pp | 69.5%+23.8pp |
| Annual return | 21.94% | 30.63%-8.7pp | 78.11%-56.2pp | 81.01%-59.1pp |
| Employer contribution / active EE | $10,427 | $2,092+398.3% | $2,854+265.3% | $2,440+327.3% |
| Participant deferral / active EE | $8,388 | $2,887+190.6% | $3,884+115.9% | $3,608+132.5% |
| Admin fee / account holder | $309 | $3,972-92.2% | $5,353-94.2% | $5,124-94.0% |