Filed January 12, 2022
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| Provider | Service type | Compensation |
|---|---|---|
BAIRD FUNDS3 years Filed as: ROBERT W. BAIRD & CO., INC. Service code 27 · EIN 25-1121408 PO BOX 88499 · MILWAUKEE, WI 532888499 | Advisory (Plan) | $62,334 |
METRO BENEFITS, INC.10+ years Service code 13 · EIN 25-1541083 8150 PERRY HWY STE 311 · PITTSBURGH, PA 15237 | Contract Administrator | $14,353 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $12,159 |
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 | $93,651 | $54,245+72.6% | $93,727-0.1% | $77,762+20.4% |
| Participation rate | 51.7% | 63.9%-12.2pp | 68.7%-17.0pp | 70.6%-18.9pp |
| Annual return | 12.22% | 30.58%-18.4pp | 133.83%-121.6pp | 31.27%-19.1pp |
| Employer contribution / active EE | $0 | $1,168-100.0% | $2,421-100.0% | $2,728-100.0% |
| Participant deferral / active EE | $3,064 | $3,144-2.5% | $4,417-30.6% | $4,651-34.1% |
| Admin fee / account holder | $317 | $575-44.9% | $8,292-96.2% | $433-26.7% |