Filed March 7, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: SEASIDE NATIONAL BANK & TRUST, INC. Service code 99 201 SOUTH ORANGE AVENUE · ORLANDO, FL 32801 | Other Fees | $17,670 |
PENSERV PLAN SERVICES, INC.6+ years Filed as: PENSERVCO, INC. Service code 13 600 BYPASS DRIVE · CLEARWATER, FL 33764 | Contract Administrator | $8,155 |
Filed as: ADVISED ASSETS GROUP.LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $2,322 |
Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $41,853 | $56,152-25.5% | $185,861-77.5% | $73,412-43.0% |
| Participation rate | 40.9% | 67.6%-26.7pp | 78.0%-37.2pp | 72.2%-31.3pp |
| Annual return | 17.22% | 17.59%-0.4pp | 35.96%-18.7pp | 59.30%-42.1pp |
| Employer contribution / active EE | $1,296 | $1,532-15.4% | $4,088-68.3% | $2,234-42.0% |
| Participant deferral / active EE | $1,775 | $3,659-51.5% | $5,634-68.5% | $3,806-53.4% |
| Admin fee / account holder | $29 | $132-77.7% | $9,503-99.7% | $158-81.4% |