Filed February 25, 2016 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
FULTON FINANCIAL ADVISORS5+ years Service code 15 · EIN 23-1928421 | Recordkeeping | $29,708 |
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.)
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 | $68,322 | $52,967+29.0% | $172,753-60.5% | $65,186+4.8% |
| Participation rate | 32.4% | 66.2%-33.8pp | 82.6%-50.2pp | 70.2%-37.8pp |
| Annual return | 23.36% | 30.12%-6.8pp | 803.00%-779.6pp | 29.39%-6.0pp |
| Employer contribution / active EE | $430 | $2,190-80.4% | $5,144-91.6% | $2,177-80.2% |
| Participant deferral / active EE | $1,178 | $2,471-52.3% | $5,198-77.3% | $3,514-66.5% |
| Admin fee / account holder | $313 | $472-33.7% | $13,956-97.8% | $847-63.1% |