Filed January 12, 2023
Total covered: 22 employees
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| Provider | Service type | Compensation |
|---|---|---|
PENTEGRA SERVICES, INC.2+ years Service code 15 · EIN 13-3745616 | Recordkeeping | $4,662 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $67,743 | $74,089-8.6% | $133,980-49.4% | $55,167+22.8% |
| Participation rate | 99.2% | 84.3%+14.9pp | 87.1%+12.1pp | 69.0%+30.2pp |
| Annual return | 5.85% | 12.11%-6.3pp | 29.30%-23.4pp | 169.23%-163.4pp |
| Employer contribution / active EE | $5,820 | $3,064+90.0% | $5,211+11.7% | $1,963+196.6% |
| Participant deferral / active EE | $5,617 | $4,678+20.1% | $6,282-10.6% | $3,054+83.9% |
| Admin fee / account holder | $360 | $458-21.4% | $9,324-96.1% | $504-28.6% |