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| Provider | Service type | Compensation |
|---|---|---|
Filed as: ENVOY TPA AND RECORDKEEPING Service code 14 · EIN 27-4036926 | Plan Administrator | $48,057 |
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.)
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 | $42,185 | $39,859+5.8% | $78,676-46.4% | $57,658-26.8% |
| Participation rate | 33.7% | 66.1%-32.4pp | 73.6%-39.8pp | 70.2%-36.5pp |
| Annual return | 8.19% | 18.96%-10.8pp | 62.19%-54.0pp | 5.13%+3.1pp |
| Employer contribution / active EE | $411 | $1,786-77.0% | $2,850-85.6% | $1,974-79.2% |
| Participant deferral / active EE | $1,297 | $2,248-42.3% | $3,517-63.1% | $3,061-57.6% |
| Admin fee / account holder | $453 | $76+495.1% | $4,510-89.9% | $95+379.6% |