Filed February 16, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $39,671 |
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH, INC. Service code 27 · EIN 93-0987232 | Advisory (Plan) | $20,636 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,851 | $45,126+6.0% | $85,187-43.8% | $74,459-35.7% |
| Participation rate | 65.6% | 49.4%+16.2pp | 67.5%-1.9pp | 67.2%-1.6pp |
| Annual return | 11.21% | 26.30%-15.1pp | 66.67%-55.5pp | 1369.70%-1358.5pp |
| Employer contribution / active EE | $2,077 | $1,460+42.2% | $2,732-24.0% | $2,626-20.9% |
| Participant deferral / active EE | $3,099 | $2,738+13.2% | $4,525-31.5% | $4,350-28.8% |
| Admin fee / account holder | $336 | $2,212-84.8% | $6,162-94.5% | $1,945-82.7% |