Filed September 14, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 86-0588303 | Advisory (Plan) | $36,386 |
Service code 15 · EIN 13-3689044 | Recordkeeping | $23,750 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,033 | $55,446-15.2% | $155,574-69.8% | $74,429-36.8% |
| Participation rate | 89.8% | 61.9%+27.9pp | 78.2%+11.6pp | 67.2%+22.5pp |
| Annual return | 13.69% | 269.20%-255.5pp | 64.87%-51.2pp | 1368.38%-1354.7pp |
| Employer contribution / active EE | $2,382 | $2,266+5.1% | $4,676-49.0% | $2,625-9.2% |
| Participant deferral / active EE | $3,967 | $2,836+39.9% | $5,629-29.5% | $4,348-8.8% |
| Admin fee / account holder | $307 | $1,743-82.4% | $15,914-98.1% | $1,944-84.2% |