Filed September 11, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $82,971 |
ASCENSUS LLC3 years Filed as: ASCENSUS Service code 13 · EIN 82-3719843 | Contract Administrator | $31,610 |
Service code 49 | Other Services | $2,554 |
Filed as: KESTRA INVESTMENT SERVICES Service code 49 · EIN 74-2794194 | Other Services | $0 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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.)
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 | $34,805 | $82,979-58.1% | $102,412-66.0% | $77,736-55.2% |
| Participation rate | 36.1% | 71.5%-35.4pp | 74.5%-38.4pp | 70.6%-34.5pp |
| Annual return | 18.05% | 19.11%-1.1pp | 24.94%-6.9pp | 31.26%-13.2pp |
| Employer contribution / active EE | $791 | $3,554-77.8% | $3,870-79.6% | $2,728-71.0% |
| Participant deferral / active EE | $1,990 | $4,109-51.6% | $5,060-60.7% | $4,651-57.2% |
| Admin fee / account holder | $364 | $639-43.0% | $8,388-95.7% | $433-16.1% |