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) | $167,166 |
VBA BENEFITS CORPORATION4 years Filed as: VBA BENEFITS CORPORTATION Service code 99 · EIN 54-1741662 | Other Fees | $95,193 |
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 | $64,270 | $89,588-28.3% | $136,007-52.7% | $77,643-17.2% |
| Participation rate | 93.8% | 74.3%+19.5pp | 76.5%+17.3pp | 70.6%+23.2pp |
| Annual return | 14.76% | 17.42%-2.7pp | 579.32%-564.6pp | 31.24%-16.5pp |
| Employer contribution / active EE | $3,072 | $3,491-12.0% | $4,217-27.1% | $2,726+12.7% |
| Participant deferral / active EE | $5,697 | $5,591+1.9% | $7,025-18.9% | $4,647+22.6% |
| Admin fee / account holder | $382 | $539-29.1% | $6,858-94.4% | $430-11.3% |