Filed May 30, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NFP RETIREMENT INC2 years Service code 27 · EIN 33-0905143 | Advisory (Plan) | $23,842 |
Service code 15 · EIN 13-3689044 | Recordkeeping | $18,452 |
QBI, LLC2 years Service code 15 · EIN 26-2768667 | Recordkeeping | $8,416 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,751 | $89,364-56.6% | $141,177-72.6% | $72,983-46.9% |
| Participation rate | 77.4% | 75.1%+2.3pp | 82.5%-5.1pp | 69.5%+7.9pp |
| Annual return | 19.32% | 111.86%-92.5pp | 71.40%-52.1pp | 81.01%-61.7pp |
| Employer contribution / active EE | $0 | $3,115-100.0% | $4,736-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $5,048 | $5,419-6.8% | $6,710-24.8% | $3,608+39.9% |
| Admin fee / account holder | $374 | $5,959-93.7% | $10,263-96.4% | $5,124-92.7% |