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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,593 | $102,422-58.4% | $147,117-71.0% | $80,959-47.4% |
| Participation rate | 74.6% | 75.9%-1.2pp | 82.2%-7.5pp | 67.7%+7.0pp |
| Annual return | 15.28% | 135.16%-119.9pp | 420.54%-405.3pp | 35.67%-20.4pp |
| Employer contribution / active EE | $0 | $3,717-100.0% | $4,932-100.0% | $2,757-100.0% |
| Participant deferral / active EE | $4,243 | $6,652-36.2% | $8,065-47.4% | $4,300-1.3% |
| Admin fee / account holder | $365 | $7,953-95.4% | $12,993-97.2% | $6,925-94.7% |