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| Provider | Service type | Compensation |
|---|---|---|
SUMMIT FINANCIAL CORPORATION1+ years Service code 13 7 NEW ENGLAND EXECUTIVE PARK · BURLINGTON, MA 01803 | Contract Administrator | $26,597 |
Filed as: GREAT WEST LIFE & ANNUITY INS. CO. Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $14,997 |
Filed as: MASSACHUSETTS MUTUAL LIFE INS. COMP Service code 55 | Other Commissions | $11,599 |
WEBSTER ROGERS1+ years Filed as: WEBSTERROGERS LLP Service code 10 P.O. BOX 1999 · BLUFFTON, SC 29910 | Accounting | $7,900 |
Filed as: MASSACHUSETTS MUTUAL LIFE INS COMP Service code 55 P.O. BOX 8089 · BOSTON, MA 022668089 | Other Commissions | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.)
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 | $60,931 | $70,002-13.0% | $115,037-47.0% | $52,331+16.4% |
| Participation rate | 47.6% | 72.1%-24.6pp | 81.4%-33.8pp | 68.1%-20.6pp |
| Annual return | -1.03% | 4.04%-5.1pp | 26.14%-27.2pp | 4.54%-5.6pp |
| Employer contribution / active EE | $960 | $2,715-64.7% | $4,608-79.2% | $1,882-49.0% |
| Participant deferral / active EE | $1,971 | $4,920-59.9% | $6,026-67.3% | $3,022-34.8% |
| Admin fee / account holder | $367 | $566-35.1% | $8,175-95.5% | $592-37.9% |