Filed June 14, 2022
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| Provider | Service type | Compensation |
|---|---|---|
BARRETT & COMPANY1 year Filed as: BARRETT QUIGLEY Service code 26 109 N HADDON AVENUE · HADDONFIELD, NJ 08033 | Advisory (Participants) | $8,285 |
EPLAN ADVISORS, LLC1 year Filed as: EPLAN SERVICES, INC. Service code 13 4300 KITTREDGE ST., SUITE 100 · DENVER, CO 80239 | Contract Administrator | $6,204 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,401 | $93,182-70.6% | $146,643-81.3% | $79,391-65.5% |
| Participation rate | 47.4% | 76.4%-29.1pp | 80.1%-32.7pp | 70.7%-23.3pp |
| Annual return | 13.14% | 21.61%-8.5pp | 22.75%-9.6pp | 116.88%-103.7pp |
| Employer contribution / active EE | $1,283 | $2,420-47.0% | $4,137-69.0% | $2,428-47.2% |
| Participant deferral / active EE | $2,030 | $4,169-51.3% | $5,506-63.1% | $4,046-49.8% |
| Admin fee / account holder | $99 | $585-83.1% | $10,280-99.0% | $627-84.2% |