Filed February 15, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $55,087 |
PARK AVENUE SECURITIES LLC2 years Service code 49 · EIN 13-4023176 | Other Services | $18,155 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $47,625 | $65,322-27.1% | $70,494-32.4% | $73,497-35.2% |
| Participation rate | 93.1% | 77.0%+16.1pp | 75.1%+18.0pp | 70.7%+22.4pp |
| Annual return | 5.94% | 15.71%-9.8pp | 109.16%-103.2pp | 28.51%-22.6pp |
| Employer contribution / active EE | $2,778 | $2,460+12.9% | $2,738+1.4% | $2,270+22.4% |
| Participant deferral / active EE | $2,374 | $3,375-29.7% | $3,711-36.0% | $3,740-36.5% |
| Admin fee / account holder | $330 | $214+54.1% | $3,848-91.4% | $513-35.7% |