Filed May 5, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $79,367 |
ORENDA RETIREMENT, LLC4 years Service code 13 · EIN 36-4877979 | Contract Administrator | $24,198 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $20,000 |
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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,375 | $37,393+10.6% | $77,024-46.3% | $66,914-38.2% |
| Participation rate | 50.3% | 52.9%-2.6pp | 67.9%-17.6pp | 69.8%-19.5pp |
| Annual return | -13.53% | -3.29%-10.2pp | 42.32%-55.8pp | 1.58%-15.1pp |
| Employer contribution / active EE | $784 | $1,531-48.8% | $2,812-72.1% | $2,544-69.2% |
| Participant deferral / active EE | $5,528 | $2,617+111.2% | $4,426+24.9% | $4,237+30.5% |
| Admin fee / account holder | $819 | $567+44.4% | $5,425-84.9% | $593+38.0% |