Filed September 14, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $34,665 |
Filed as: INDEPENDENT FINANCIAL GROUP INC Service code 99 7425 MISSION VALLEY RD STE 203 · SAN DIEGO, CA 92108 | Other Fees | $19,063 |
Service code 27 12636 HIGH BLUFF DR STE 100 · SAN DIEGO, CA 92130 | Advisory (Plan) | $6,127 |
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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $45,699 | $71,192-35.8% | $117,861-61.2% | $62,293-26.6% |
| Participation rate | 84.1% | 74.2%+9.9pp | 79.7%+4.5pp | 69.5%+14.6pp |
| Annual return | 17.88% | 18.66%-0.8pp | 335.11%-317.2pp | 28.90%-11.0pp |
| Employer contribution / active EE | $2,298 | $1,934+18.9% | $3,786-39.3% | $2,042+12.5% |
| Participant deferral / active EE | $5,890 | $3,189+84.7% | $4,482+31.4% | $3,169+85.8% |
| Admin fee / account holder | $384 | $587-34.7% | $8,021-95.2% | $479-20.0% |