Filed July 15, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: LAFAYETTE LIFE INSURANCE CO. Service code 14 · EIN 41-1486060 301 E. 4TH STREET SUITE 2800 · CINCINNATI, OH 452024291 | Plan Administrator | $21,806 |
CITRIN COOPERMAN1 year Filed as: CITRIN COOPERMAN COMPANY, LLC Service code 10 · EIN 22-2428965 11155 RED RUN BLVD. STE 410 · OWINGS MILLS, MD 21117 | Accounting | $9,500 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 5707 SWST PARKWAY BLDG 2 · AUSTIN, TX 78735 | Advisory (Plan) | $8,689 |
Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 15 · EIN 47-2534181 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping | $5,814 |
Filed as: THE LAFAYETTE LIFE INSURANCE Service code 13 | Contract Administrator | $2,552 |
NFP RETIREMENT INC1 year Filed as: NFP CORPORATE SERVICES PA Service code 13 · EIN 13-4096969 2600 KELLY ROAD STE 300 · WARRINGTON, PA 18976 | Contract Administrator | $1,700 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,657 | $102,382-58.3% | $147,005-71.0% | $80,874-47.3% |
| Participation rate | 74.6% | 75.8%-1.2pp | 82.2%-7.5pp | 67.6%+7.0pp |
| Annual return | 15.28% | 134.89%-119.6pp | 418.76%-403.5pp | 35.62%-20.3pp |
| Employer contribution / active EE | $0 | $3,715-100.0% | $4,934-100.0% | $2,756-100.0% |
| Participant deferral / active EE | $4,372 | $6,646-34.2% | $8,070-45.8% | $4,297+1.7% |
| Admin fee / account holder | $365 | $7,942-95.4% | $13,006-97.2% | $6,935-94.7% |