Filed February 25, 2016 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
FULTON FINANCIAL ADVISORS2 years Filed as: FULTON BANK, N. A. Service code 15 · EIN 23-1928421 | Recordkeeping | $32,479 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $109,419 | $61,166+78.9% | $185,849-41.1% | $79,391+37.8% |
| Participation rate | 35.7% | 66.6%-31.0pp | 81.7%-46.0pp | 70.7%-35.0pp |
| Annual return | 16.80% | 19.45%-2.6pp | 122.10%-105.3pp | 116.88%-100.1pp |
| Employer contribution / active EE | $509 | $2,321-78.1% | $5,169-90.2% | $2,428-79.0% |
| Participant deferral / active EE | $1,391 | $2,789-50.1% | $5,569-75.0% | $4,046-65.6% |
| Admin fee / account holder | $382 | $710-46.2% | $16,244-97.6% | $627-39.0% |