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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 35-0145825 | Loan Processing | $32,825 |
MATRANGA & COMPANY1 year Service code 15 · EIN 20-1147648 | Recordkeeping | $9,450 |
Participant 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.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $37,679 | $201,594-81.3% | $101,271-62.8% | - |
| Participation rate | 77.8% | 64.6%+13.2pp | 75.8%+2.0pp | - |
| Annual return | 14.56% | 13.55%+1.0pp | 46.48%-31.9pp | - |
| Employer contribution / active EE | $2,128 | $2,288-7.0% | $3,660-41.9% | - |
| Participant deferral / active EE | $1,485 | $3,091-52.0% | $4,371-66.0% | - |
| Admin fee / account holder | $620 | $7,709-92.0% | $5,948-89.6% | - |