Filed July 7, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $19,353 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,670 | $79,694-36.4% | $96,161-47.3% | $79,393-36.2% |
| Participation rate | 27.8% | 54.0%-26.2pp | 68.4%-40.6pp | 70.7%-42.9pp |
| Annual return | 15.86% | 40.84%-25.0pp | 192.01%-176.1pp | 116.87%-101.0pp |
| Employer contribution / active EE | $83 | $1,443-94.2% | $2,798-97.0% | $2,428-96.6% |
| Participant deferral / active EE | $1,178 | $2,539-53.6% | $4,349-72.9% | $4,046-70.9% |
| Admin fee / account holder | $538 | $630-14.7% | $5,538-90.3% | $627-14.2% |