Filed November 30, 2022
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| Provider | Service type | Compensation |
|---|---|---|
MONETA GROUP LLC2 years Service code 27 · EIN 20-1903821 | Advisory (Plan) | $24,285 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $23,451 |
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 | $94,638 | $86,655+9.2% | $119,609-20.9% | $66,914+41.4% |
| Participation rate | 87.2% | 75.6%+11.6pp | 79.3%+7.9pp | 69.8%+17.4pp |
| Annual return | -15.85% | -8.00%-7.8pp | -14.97%-0.9pp | 1.58%-17.4pp |
| Employer contribution / active EE | $1,931 | $2,536-23.9% | $4,232-54.4% | $2,544-24.1% |
| Participant deferral / active EE | $4,469 | $4,358+2.5% | $5,602-20.2% | $4,237+5.5% |
| Admin fee / account holder | $373 | $755-50.6% | $10,323-96.4% | $593-37.1% |