Filed September 15, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $58,437 |
Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 27 · EIN 93-0987232 | Advisory (Plan) | $26,967 |
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 | $112,767 | $89,652+25.8% | $141,191-20.1% | $65,185+73.0% |
| Participation rate | 92.5% | 74.7%+17.8pp | 82.5%+10.0pp | 70.2%+22.3pp |
| Annual return | 30.26% | 32.79%-2.5pp | 71.41%-41.1pp | 29.38%+0.9pp |
| Employer contribution / active EE | $3,880 | $3,065+26.6% | $4,736-18.1% | $2,177+78.3% |
| Participant deferral / active EE | $7,497 | $5,691+31.7% | $6,710+11.7% | $3,514+113.3% |
| Admin fee / account holder | $384 | $569-32.4% | $10,264-96.3% | $847-54.6% |