Filed June 23, 2015
Total covered: 6 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $191,710 |
Filed as: TOWERS WATSON INVESTMENT SERVICES, Service code 27 · EIN 52-1868818 | Advisory (Plan) | $98,017 |
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $136,622 | $131,799+3.7% | $200,582-31.9% | $85,563+59.7% |
| Participation rate | 97.9% | 87.9%+10.0pp | 86.9%+11.1pp | 66.0%+32.0pp |
| Annual return | 13.51% | 21.59%-8.1pp | 42.33%-28.8pp | 31.51%-18.0pp |
| Employer contribution / active EE | $4,039 | $4,532-10.9% | $6,419-37.1% | $2,654+52.2% |
| Participant deferral / active EE | $7,212 | $7,702-6.4% | $9,331-22.7% | $4,375+64.8% |
| Admin fee / account holder | $505 | $235+114.6% | $16,305-96.9% | $834-39.5% |