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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $136,622 | $130,224+4.9% | $197,124-30.7% | $79,634+71.6% |
| Participation rate | 97.9% | 87.8%+10.1pp | 86.7%+11.2pp | 62.5%+35.5pp |
| Annual return | 13.51% | 23.65%-10.1pp | 44.34%-30.8pp | 36.46%-23.0pp |
| Employer contribution / active EE | $4,039 | $4,314-6.4% | $6,227-35.1% | $2,529+59.7% |
| Participant deferral / active EE | $7,212 | $7,378-2.2% | $9,135-21.0% | $3,835+88.1% |
| Admin fee / account holder | $505 | $254+98.2% | $16,298-96.9% | $1,002-49.6% |