Filed December 11, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $90,213 |
PBMARES, LLP2 years Service code 49 · EIN 54-0737372 | Other Services | $4,540 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $62,499 | $84,499-26.0% | $125,391-50.2% | $66,949-6.6% |
| Participation rate | 60.9% | 76.4%-15.5pp | 82.4%-21.5pp | 69.8%-8.9pp |
| Annual return | -12.92% | -8.49%-4.4pp | 572.41%-585.3pp | 1.57%-14.5pp |
| Employer contribution / active EE | $2,948 | $3,554-17.1% | $4,816-38.8% | $2,545+15.8% |
| Participant deferral / active EE | $6,836 | $6,785+0.8% | $7,448-8.2% | $4,239+61.3% |
| Admin fee / account holder | $463 | $685-32.5% | $10,009-95.4% | $594-22.1% |