Filed January 13, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $68,770 |
Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 · EIN 61-1758632 | Advisory (Plan) | $20,413 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,533 | $104,479-75.6% | $159,474-84.0% | $79,391-67.8% |
| Participation rate | 78.6% | 76.6%+2.0pp | 82.8%-4.2pp | 70.7%+7.9pp |
| Annual return | 19.65% | 67.98%-48.3pp | 263.68%-244.0pp | 116.88%-97.2pp |
| Employer contribution / active EE | $950 | $3,417-72.2% | $4,831-80.3% | $2,428-60.9% |
| Participant deferral / active EE | $4,441 | $6,468-31.3% | $7,353-39.6% | $4,046+9.8% |
| Admin fee / account holder | $327 | $711-54.0% | $10,802-97.0% | $627-47.7% |