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| Provider | Service type | Compensation |
|---|---|---|
Filed as: ENVOY TPA AND RECORDKEEPING Service code 14 · EIN 27-4036926 | Plan Administrator | $46,055 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $43,222 | $51,620-16.3% | $90,304-52.1% | $65,185-33.7% |
| Participation rate | 42.7% | 68.6%-26.0pp | 73.3%-30.6pp | 70.2%-27.5pp |
| Annual return | -0.03% | 24.94%-25.0pp | 78.13%-78.2pp | 29.38%-29.4pp |
| Employer contribution / active EE | $538 | $2,235-75.9% | $2,855-81.2% | $2,177-75.3% |
| Participant deferral / active EE | $1,565 | $2,871-45.5% | $3,885-59.7% | $3,514-55.5% |
| Admin fee / account holder | $366 | $384-4.9% | $5,354-93.2% | $847-56.9% |