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| Provider | Service type | Compensation |
|---|---|---|
Filed as: WEALTH ENHANCEMENT ADV SERVICES LLC Service code 26 · EIN 41-2016508 505 HIGHWAY 159 NORTH · PLYMOUTH, MN 55441 | Advisory (Participants) | $28,561 |
Service code 15 · EIN 01-0233346 P. O. BOX 7247-7112 · PHILADELPHIA, PA 191707112 | Recordkeeping | $9,744 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $78,294 | $88,203-11.2% | $165,100-52.6% | $74,478+5.1% |
| Participation rate | 55.2% | 73.1%-18.0pp | 78.6%-23.5pp | 67.2%-12.0pp |
| Annual return | 11.99% | 17.13%-5.1pp | 70.21%-58.2pp | 1370.56%-1358.6pp |
| Employer contribution / active EE | $1,020 | $2,601-60.8% | $4,348-76.5% | $2,626-61.2% |
| Participant deferral / active EE | $4,208 | $4,505-6.6% | $6,035-30.3% | $4,350-3.3% |
| Admin fee / account holder | $331 | $2,235-85.2% | $12,696-97.4% | $1,946-83.0% |