Filed February 16, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $44,731 |
OSAIC WEALTH INC2 years Filed as: OSAIC WEALTH, INC. Service code 27 · EIN 93-0987232 | Advisory (Plan) | $23,054 |
INTAC ACTUARIAL SERVICES3 years Filed as: INTAC ACTUARIAL SERVICES INC Service code 13 · EIN 22-2446239 | Contract Administrator | $3,925 |
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).
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 | $57,501 | $45,312+26.9% | $86,233-33.3% | $67,986-15.4% |
| Participation rate | 71.9% | 42.4%+29.5pp | 69.0%+2.9pp | 57.2%+14.7pp |
| Annual return | 15.93% | 24.79%-8.9pp | 61.39%-45.5pp | 31.67%-15.7pp |
| Employer contribution / active EE | $2,384 | $1,160+105.6% | $2,504-4.8% | $2,019+18.1% |
| Participant deferral / active EE | $3,331 | $2,185+52.5% | $4,559-26.9% | $3,358-0.8% |
| Admin fee / account holder | $370 | $3,295-88.8% | $8,342-95.6% | $3,203-88.5% |