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 | $78,976-33.9% | $100,383-48.0% | $74,546-30.0% |
| Participation rate | 87.9% | 79.5%+8.4pp | 81.5%+6.4pp | 67.2%+20.6pp |
| Annual return | 24.24% | 20.62%+3.6pp | 49.26%-25.0pp | 1366.03%-1341.8pp |
| Employer contribution / active EE | $2,267 | $3,019-24.9% | $3,944-42.5% | $2,624-13.6% |
| Participant deferral / active EE | $5,696 | $7,758-26.6% | $8,086-29.6% | $4,347+31.0% |
| Admin fee / account holder | $314 | $1,330-76.4% | $7,900-96.0% | $1,944-83.8% |