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 | $24,857 |
PENSERV PLAN SERVICES, INC.7+ years Filed as: PENSERVCO, INC. Service code 13 600 BYPASS DRIVE · CLEARWATER, FL 33764 | Contract Administrator | $11,561 |
Filed as: ADVISED ASSETS GROUP.LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $4,110 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,311 | $60,607-26.9% | $189,558-76.6% | $86,813-49.0% |
| Participation rate | 43.4% | 68.9%-25.5pp | 78.5%-35.1pp | 72.3%-28.9pp |
| Annual return | 14.96% | 65.18%-50.2pp | 64.19%-49.2pp | 97.93%-83.0pp |
| Employer contribution / active EE | $1,556 | $1,626-4.3% | $4,412-64.7% | $2,406-35.3% |
| Participant deferral / active EE | $2,112 | $3,895-45.8% | $6,174-65.8% | $4,131-48.9% |
| Admin fee / account holder | $47 | $159-70.2% | $9,809-99.5% | $170-72.1% |