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| Provider | Service type | Compensation |
|---|---|---|
REDHAWK WEALTH ADVISORS2+ years Filed as: REDHAWK WEALTH ADVISORS INC Service code 27 7400 METRO BLVD, SUITE 400 · MINNEAPOLIS, MN 55439 | Advisory (Plan) | $133,931 |
FUTUREBENEFITS OF AMERICA2+ years Service code 13 · EIN 62-1751967 11177 HWY 70 SUITE 201 · ARLINGTON, TN 38002 | Contract Administrator | $86,482 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $39,122 | $85,635-54.3% | $123,894-68.4% | $63,975-38.8% |
| Participation rate | 41.0% | 74.9%-34.0pp | 81.4%-40.4pp | 71.1%-30.2pp |
| Annual return | 10.59% | 15.74%-5.1pp | 47.52%-36.9pp | 48.65%-38.1pp |
| Employer contribution / active EE | $906 | $3,076-70.6% | $4,617-80.4% | $2,182-58.5% |
| Participant deferral / active EE | $2,189 | $5,667-61.4% | $5,984-63.4% | $3,356-34.8% |
| Admin fee / account holder | $400 | $75+434.1% | $8,357-95.2% | $70+468.0% |