Filed May 30, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NFP RETIREMENT INC1 year Service code 27 · EIN 33-0905143 | Advisory (Plan) | $24,241 |
Service code 15 · EIN 13-3689044 | Recordkeeping | $19,009 |
QBI, LLC1 year Service code 15 · EIN 26-2768667 | Recordkeeping | $8,978 |
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.)
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,139 | $77,813-60.0% | $123,544-74.8% | $64,186-51.5% |
| Participation rate | 86.2% | 74.7%+11.5pp | 82.3%+3.9pp | 69.6%+16.6pp |
| Annual return | -4.42% | 12.48%-16.9pp | 119.20%-123.6pp | 7.63%-12.1pp |
| Employer contribution / active EE | $0 | $3,014-100.0% | $4,628-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $5,300 | $5,240+1.2% | $6,426-17.5% | $3,470+52.8% |
| Admin fee / account holder | $385 | $5,519-93.0% | $9,284-95.9% | $4,888-92.1% |