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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MORGAN STANLEY GLOBAL BANKING OPERA Service code 15 1300 THAMES STREET WHARF · BALTIMORE, MD 21231 | Recordkeeping | $54,124 |
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $26,295 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $141,316 | $102,661+37.7% | $151,628-6.8% | $66,930+111.1% |
| Participation rate | 90.8% | 85.5%+5.3pp | 87.5%+3.4pp | 69.8%+21.0pp |
| Annual return | -16.02% | -10.81%-5.2pp | 3.34%-19.4pp | 1.57%-17.6pp |
| Employer contribution / active EE | $8,922 | $4,184+113.2% | $6,165+44.7% | $2,545+250.6% |
| Participant deferral / active EE | $16,772 | $6,645+152.4% | $8,363+100.6% | $4,238+295.8% |
| Admin fee / account holder | $465 | $630-26.2% | $11,613-96.0% | $593-21.6% |