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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRUDENTIAL RETIREMENT INS & ANNUITY Service code 13 · EIN 06-1050034 | Contract Administrator | $102,536 |
COMMONWEALTH FINANCIAL NETWORK1+ years Service code 33 · EIN 04-2675571 | Securities brokerage; Other fees | $46,089 |
SUMMIT FINANCIAL CORPORATION2+ years Service code 13 · EIN 04-3222046 700 DISTRICT AVENUE · BURLINGTON, MA 01803 | Contract Administrator | $12,138 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,626 | $65,820-41.3% | $108,745-64.5% | $57,658-33.0% |
| Participation rate | 52.4% | 72.7%-20.3pp | 77.7%-25.3pp | 70.2%-17.8pp |
| Annual return | 8.30% | 21.32%-13.0pp | 46.22%-37.9pp | 5.13%+3.2pp |
| Employer contribution / active EE | $66 | $2,285-97.1% | $3,323-98.0% | $1,974-96.7% |
| Participant deferral / active EE | $2,670 | $3,578-25.4% | $5,121-47.9% | $3,061-12.8% |
| Admin fee / account holder | $303 | $91+232.5% | $6,144-95.1% | $95+220.5% |