Filed December 13, 2014
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $38,585 |
Service code 27 · EIN 13-2638166 | Advisory (Plan) | $16,515 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $151,972 | $58,587+159.4% | $83,322+82.4% | $64,173+136.8% |
| Participation rate | 80.2% | 72.0%+8.2pp | 77.8%+2.5pp | 69.6%+10.7pp |
| Annual return | -3.44% | 9.65%-13.1pp | 10.64%-14.1pp | 7.63%-11.1pp |
| Employer contribution / active EE | $0 | $2,098-100.0% | $3,379-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $9,131 | $4,654+96.2% | $5,565+64.1% | $3,470+163.2% |
| Admin fee / account holder | $557 | $9,279-94.0% | $7,540-92.6% | $4,887-88.6% |