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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $59,115 |
FORTUNE 3603 years Filed as: FORTUNE FINANCIAL SERVICE INC. Service code 49 · EIN 25-1799740 | Other Services | $36,275 |
KENNETH RYAN2 years Filed as: KENNETH F HACKETT & ASSOC Service code 13 · EIN 65-0246402 | Contract Administrator | $8,433 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $61,088 | $65,125-6.2% | $143,797-57.5% | $66,949-8.8% |
| Participation rate | 96.0% | 65.2%+30.8pp | 80.3%+15.7pp | 69.8%+26.2pp |
| Annual return | -18.16% | -11.13%-7.0pp | -0.04%-18.1pp | 1.57%-19.7pp |
| Employer contribution / active EE | $4,330 | $2,362+83.3% | $4,952-12.6% | $2,545+70.1% |
| Participant deferral / active EE | $7,187 | $2,920+146.1% | $5,638+27.5% | $4,239+69.5% |
| Admin fee / account holder | $308 | $503-38.8% | $14,679-97.9% | $594-48.2% |