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| Provider | Service type | Compensation |
|---|---|---|
LAMCO ADVISORY SERVICES1+ years Filed as: LAMCO Service code 27 1525 INTERNATIONAL PRKWY SUITE 2071 · LAKE MARY, FL 32746 | Advisory (Plan) | $75,682 |
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 15 · EIN 62-1868111 | Recordkeeping | $36,936 |
VERISIGHT, INC.1+ years Filed as: VERISIGHT TRUST COMPANY Service code 12 · EIN 27-4411131 | Account maintenance fees; Custodial (... | $9,657 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $154,812 | $70,002+121.2% | $115,038+34.6% | $52,331+195.8% |
| Participation rate | 88.7% | 72.1%+16.6pp | 81.4%+7.3pp | 68.1%+20.6pp |
| Annual return | -1.13% | 4.04%-5.2pp | 26.14%-27.3pp | 4.54%-5.7pp |
| Employer contribution / active EE | $6,222 | $2,715+129.2% | $4,608+35.0% | $1,882+230.7% |
| Participant deferral / active EE | $5,757 | $4,920+17.0% | $6,026-4.5% | $3,022+90.5% |
| Admin fee / account holder | $805 | $566+42.2% | $8,175-90.2% | $592+36.0% |