Filed March 27, 2019 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 26 · EIN 71-0294708 | Advisory (Participants) | $135,371 |
VBA BENEFITS CORPORATION3 years Filed as: VBA BENEFITS CORPORTATION Service code 99 · EIN 54-1741662 | Other Fees | $75,109 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $57,254 | $82,978-31.0% | $130,231-56.0% | $74,419-23.1% |
| Participation rate | 89.8% | 73.7%+16.2pp | 76.3%+13.6pp | 70.7%+19.1pp |
| Annual return | 18.44% | 123.05%-104.6pp | 38.77%-20.3pp | 34.38%-15.9pp |
| Employer contribution / active EE | $3,048 | $3,391-10.1% | $4,126-26.1% | $2,637+15.6% |
| Participant deferral / active EE | $5,430 | $5,370+1.1% | $6,799-20.1% | $4,528+19.9% |
| Admin fee / account holder | $333 | $354-5.9% | $6,020-94.5% | $348-4.2% |