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| Provider | Service type | Compensation |
|---|---|---|
PENSION ASSURANCE LLP4+ years Filed as: PENSION MARK Service code 49 PO BOX 356 · HINCKLEY, OH 44233 | Other Services | $37,040 |
SUMMIT FINANCIAL CORPORATION4+ years Filed as: SUMMIT BENEFIT SOLUTIONS, INC. Service code 15 · EIN 34-1888990 | Recordkeeping | $15,604 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $6,394 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $51,428 | $59,191-13.1% | $76,767-33.0% | $56,289-8.6% |
| Participation rate | 62.6% | 75.2%-12.7pp | 77.0%-14.4pp | 69.9%-7.3pp |
| Annual return | -2.38% | 6.62%-9.0pp | 2.43%-4.8pp | -9.96%+7.6pp |
| Employer contribution / active EE | $885 | $1,759-49.7% | $2,485-64.4% | $2,111-58.1% |
| Participant deferral / active EE | $2,953 | $3,255-9.3% | $3,852-23.3% | $3,350-11.8% |
| Admin fee / account holder | $422 | $489-13.8% | $6,675-93.7% | $521-19.1% |