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 | $55,470-15.2% | $155,556-69.8% | $74,478-36.9% |
| Participation rate | 89.8% | 61.9%+27.9pp | 78.2%+11.5pp | 67.2%+22.5pp |
| Annual return | 13.69% | 269.80%-256.1pp | 64.84%-51.1pp | 1370.56%-1356.9pp |
| Employer contribution / active EE | $2,382 | $2,267+5.1% | $4,675-49.0% | $2,626-9.3% |
| Participant deferral / active EE | $3,967 | $2,838+39.8% | $5,631-29.5% | $4,350-8.8% |
| Admin fee / account holder | $307 | $1,744-82.4% | $15,885-98.1% | $1,946-84.2% |