Filed July 3, 2019
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| Provider | Service type | Compensation |
|---|---|---|
FULTON FINANCIAL ADVISORS10+ years Filed as: FULTON BANK Service code 15 · EIN 23-1928421 | Recordkeeping | $73,588 |
RKL LLP8 years Service code 10 · EIN 23-2108173 | Accounting | $11,907 |
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.)
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 | $75,317 | $83,369-9.7% | $105,223-28.4% | $67,986+10.8% |
| Participation rate | 93.5% | 56.3%+37.2pp | 75.0%+18.5pp | 57.2%+36.3pp |
| Annual return | 11.64% | 24.64%-13.0pp | 180.65%-169.0pp | 31.67%-20.0pp |
| Employer contribution / active EE | $604 | $2,541-76.2% | $3,689-83.6% | $2,019-70.1% |
| Participant deferral / active EE | $5,067 | $3,295+53.8% | $5,072-0.1% | $3,358+50.9% |
| Admin fee / account holder | $328 | $4,073-92.0% | $8,859-96.3% | $3,203-89.8% |