Filed February 15, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $63,191 |
PARK AVENUE SECURITIES LLC3 years Service code 49 · EIN 13-4023176 | Other Services | $21,254 |
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.)
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 | $66,018 | $74,706-11.6% | $75,714-12.8% | $79,391-16.8% |
| Participation rate | 94.3% | 75.3%+18.9pp | 74.8%+19.4pp | 70.7%+23.6pp |
| Annual return | 24.02% | 18.52%+5.5pp | 104.62%-80.6pp | 116.88%-92.9pp |
| Employer contribution / active EE | $6,393 | $2,590+146.9% | $2,744+133.0% | $2,428+163.3% |
| Participant deferral / active EE | $2,431 | $3,533-31.2% | $3,820-36.4% | $4,046-39.9% |
| Admin fee / account holder | $390 | $374+4.2% | $3,619-89.2% | $627-37.7% |