Filed January 4, 2024 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
BANKPLUS WEALTH MANAGEMENT2+ years Filed as: BANKPLUS WEALTH MANAGEMENT GROUP Service code 27 · EIN 64-0134513 | Advisory (Plan) | $124,204 |
DAILYACCESS CORPORATION2+ years Service code 15 · EIN 63-1156117 | Recordkeeping | $84,552 |
METLIFE LIFE INSURANCE COMPANY2+ years Filed as: METROPOLOTAN LIFE INSURANCE CO. Service code 22 · EIN 13-5581829 | Insurance Broker | $60,889 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $44,131 | $37,213+18.6% | $156,551-71.8% | $63,975-31.0% |
| Participation rate | 61.4% | 65.0%-3.5pp | 84.0%-22.6pp | 71.1%-9.7pp |
| Annual return | 5.55% | 47.89%-42.3pp | 32.23%-26.7pp | 48.65%-43.1pp |
| Employer contribution / active EE | $895 | $1,357-34.0% | $5,501-83.7% | $2,182-59.0% |
| Participant deferral / active EE | $1,168 | $2,070-43.6% | $4,871-76.0% | $3,356-65.2% |
| Admin fee / account holder | $240 | $56+326.1% | $13,028-98.2% | $70+240.7% |