Filed December 5, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $33,248 |
Filed as: ROYAL ALLIANCE ASSOCIATES INC. Service code 27 · EIN 93-0987232 | Advisory (Plan) | $14,452 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,588 | $50,812-65.4% | $155,602-88.7% | $77,692-77.4% |
| Participation rate | 29.1% | 63.1%-34.0pp | 78.2%-49.1pp | 70.6%-41.5pp |
| Annual return | 12.84% | 34.85%-22.0pp | 64.81%-52.0pp | 31.25%-18.4pp |
| Employer contribution / active EE | $296 | $1,989-85.1% | $4,675-93.7% | $2,726-89.1% |
| Participant deferral / active EE | $881 | $2,822-68.8% | $5,629-84.3% | $4,648-81.0% |
| Admin fee / account holder | $166 | $436-62.0% | $15,923-99.0% | $431-61.5% |