Filed December 28, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $108,180 |
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH, INC. Service code 55 18700 N HAYDEN RD STE 255 · SCOTTSDALE, AZ 85255 | Other Commissions | $64,715 |
Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491 | Advisory (Participants) | $17,080 |
MORNINGSTAR4 years Service code 27 · EIN 36-3297908 | Advisory (Plan) | $7,000 |
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 | $150,829 | $82,979+81.8% | $102,412+47.3% | $77,736+94.0% |
| Participation rate | 99.0% | 71.5%+27.4pp | 74.5%+24.4pp | 70.6%+28.4pp |
| Annual return | 19.84% | 19.11%+0.7pp | 24.94%-5.1pp | 31.26%-11.4pp |
| Employer contribution / active EE | $7,188 | $3,554+102.3% | $3,870+85.7% | $2,728+163.5% |
| Participant deferral / active EE | $11,696 | $4,109+184.6% | $5,060+131.1% | $4,651+151.5% |
| Admin fee / account holder | $362 | $639-43.3% | $8,388-95.7% | $433-16.5% |