Filed July 21, 2011
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
PCS RETIREMENT, LLC1 year Filed as: PCS RETIREMENT Service code 13 · EIN 23-3038464 | Contract Administrator | $32,766 |
Filed as: WEALTH ENHANCEMENT GROUP Service code 27 11 STANWIX STREET, SUITE 2310 · PITTSBURGH, PA 15222 | Advisory (Plan) | $22,407 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $105,444 | $130,294-19.1% | $170,057-38.0% | $71,529+47.4% |
| Participation rate | 98.1% | 86.2%+11.9pp | 87.0%+11.1pp | 67.9%+30.1pp |
| Annual return | 13.27% | 20.36%-7.1pp | 53.42%-40.1pp | 28.97%-15.7pp |
| Employer contribution / active EE | $2,690 | $4,385-38.7% | $6,790-60.4% | $2,590+3.9% |
| Participant deferral / active EE | $3,630 | $6,928-47.6% | $10,411-65.1% | $4,291-15.4% |
| Admin fee / account holder | $506 | $966-47.6% | $12,826-96.1% | $1,588-68.1% |