Filed July 7, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $16,477 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 | Advisory (Plan) | $0 |
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.)
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 | $41,151 | $37,463+9.8% | $77,096-46.6% | $66,938-38.5% |
| Participation rate | 19.4% | 52.9%-33.5pp | 67.9%-48.5pp | 69.8%-50.4pp |
| Annual return | -11.98% | -3.25%-8.7pp | 42.35%-54.3pp | 1.58%-13.6pp |
| Employer contribution / active EE | $112 | $1,535-92.7% | $2,814-96.0% | $2,545-95.6% |
| Participant deferral / active EE | $1,245 | $2,621-52.5% | $4,429-71.9% | $4,238-70.6% |
| Admin fee / account holder | $568 | $5680% | $5,428-89.5% | $594-4.3% |