Filed February 15, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 46-0127290 | Contract Administrator | $64,131 |
PARK AVENUE SECURITIES LLC2 years Filed as: PARK AVENUE SECURITIES Service code 49 · EIN 13-4023176 | Other Services | $18,597 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,235 | $65,582+13.2% | $64,097+15.8% | $71,529+3.8% |
| Participation rate | 88.6% | 73.2%+15.4pp | 72.3%+16.3pp | 67.9%+20.7pp |
| Annual return | 8.61% | 18.96%-10.3pp | 33.75%-25.1pp | 28.97%-20.4pp |
| Employer contribution / active EE | $6,136 | $2,671+129.8% | $2,750+123.1% | $2,590+136.9% |
| Participant deferral / active EE | $2,952 | $3,628-18.6% | $3,881-23.9% | $4,291-31.2% |
| Admin fee / account holder | $408 | $616-33.8% | $3,070-86.7% | $1,588-74.3% |