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| Provider | Service type | Compensation |
|---|---|---|
LORING WARD1 year Filed as: LORING WARD (LWI FINANCIAL, INC.) Service code 26 10 ALMADEN BLVD. 15TH FLOOR · SAN JOSE, CA 95113 | Advisory (Participants) | $15,468 |
Filed as: SMIT, CARNET & CO,. P.C. Service code 10 · EIN 73-1225615 5100 N. BROOKLINE AVENUE SUITE 1000 · OKLAHOMA CITY, OK 73112 | Accounting | $9,500 |
Service code 64 · EIN 04-2647786 | Recordkeeping Fees | $3,573 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $29,089 | $78,670-63.0% | $109,173-73.4% | $85,847-66.1% |
| Participation rate | 75.0% | 68.3%+6.7pp | 75.9%-0.9pp | 69.3%+5.7pp |
| Annual return | 14.60% | 25.09%-10.5pp | 25.75%-11.2pp | 318.61%-304.0pp |
| Employer contribution / active EE | $1,321 | $2,734-51.7% | $3,723-64.5% | $2,565-48.5% |
| Participant deferral / active EE | $2,418 | $3,467-30.3% | $4,654-48.0% | $3,952-38.8% |
| Admin fee / account holder | $365 | $5,469-93.3% | $6,755-94.6% | $6,261-94.2% |