Filed November 14, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: SAGEVIEW ADVISORY GROUP LLC Service code 27 · EIN 33-0818667 | Advisory (Plan) | $51,610 |
Service code 15 · EIN 13-3689044 | Recordkeeping | $48,010 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,008 | $107,378-70.2% | $108,582-70.5% | $57,658-44.5% |
| Participation rate | 88.5% | 77.1%+11.4pp | 79.6%+8.9pp | 70.2%+18.3pp |
| Annual return | 7.93% | 12.80%-4.9pp | -51.70%+59.6pp | 5.13%+2.8pp |
| Employer contribution / active EE | $1,601 | $1,782-10.1% | $3,758-57.4% | $1,974-18.9% |
| Participant deferral / active EE | $3,368 | $3,221+4.6% | $4,311-21.9% | $3,061+10.0% |
| Admin fee / account holder | $314 | $108+189.2% | $7,645-95.9% | $95+231.9% |