Filed November 17, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: IFP ADVISORS LLC Service code 27 · EIN 59-3331424 | Advisory (Plan) | $43,918 |
Service code 37 · EIN 04-2647786 | Loan Processing | $33,668 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,194 | $79,169-34.1% | $100,415-48.0% | $74,478-29.9% |
| Participation rate | 87.9% | 79.4%+8.4pp | 81.5%+6.3pp | 67.2%+20.6pp |
| Annual return | 24.24% | 20.51%+3.7pp | 49.47%-25.2pp | 1370.56%-1346.3pp |
| Employer contribution / active EE | $2,267 | $3,017-24.9% | $3,943-42.5% | $2,626-13.7% |
| Participant deferral / active EE | $5,696 | $7,751-26.5% | $8,091-29.6% | $4,350+30.9% |
| Admin fee / account holder | $314 | $1,337-76.5% | $7,906-96.0% | $1,946-83.9% |