Filed November 2, 2021
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
INDEPENDENT FINANCIAL PARTNERS1+ years Service code 28 · EIN 59-3331424 | Investment Management | $14,465 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $48,870 | $67,166-27.2% | $57,357-14.8% | $55,191-11.5% |
| Participation rate | 58.7% | 77.7%-19.0pp | 75.1%-16.4pp | 69.2%-10.5pp |
| Annual return | 1.89% | 4.22%-2.3pp | 24.41%-22.5pp | 10.78%-8.9pp |
| Employer contribution / active EE | $3,255 | $2,812+15.7% | $2,689+21.0% | $1,899+71.4% |
| Participant deferral / active EE | $0 | $2,835-100.0% | $3,162-100.0% | $3,046-100.0% |
| Admin fee / account holder | $15 | $44-65.3% | $3,357-99.6% | $91-83.4% |