Filed September 7, 2020 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
VALMARK ADVISERS INC2 years Filed as: VALMARK ADVISERS, INC. Service code 28 · EIN 31-1509466 | Investment Management | $25,000 |
Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833 | Recordkeeping | $20,435 |
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 | $192,554 | $98,750+95.0% | $149,696+28.6% | $79,858+141.1% |
| Participation rate | 97.7% | 75.8%+21.9pp | 82.5%+15.2pp | 69.6%+28.1pp |
| Annual return | 18.96% | 27.43%-8.5pp | 276.60%-257.6pp | 31.71%-12.8pp |
| Employer contribution / active EE | $3,807 | $3,216+18.4% | $4,644-18.0% | $2,471+54.1% |
| Participant deferral / active EE | $11,351 | $5,680+99.8% | $6,842+65.9% | $3,740+203.5% |
| Admin fee / account holder | $417 | $6,053-93.1% | $9,309-95.5% | $5,306-92.1% |