Filed October 23, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $55,030 |
Service code 27 · EIN 46-0615386 | Advisory (Plan) | $12,691 |
Filed as: IFP ADVISORS, INC Service code 27 · EIN 59-3331424 | Advisory (Plan) | $11,324 |
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 | $98,894 | $65,453+51.1% | $86,698+14.1% | $66,938+47.7% |
| Participation rate | 94.4% | 75.5%+18.9pp | 76.6%+17.8pp | 69.8%+24.6pp |
| Annual return | -14.49% | -10.89%-3.6pp | 35.95%-50.4pp | 1.58%-16.1pp |
| Employer contribution / active EE | $3,331 | $2,154+54.6% | $2,837+17.4% | $2,545+30.9% |
| Participant deferral / active EE | $5,025 | $4,102+22.5% | $4,656+7.9% | $4,238+18.6% |
| Admin fee / account holder | $466 | $642-27.3% | $7,493-93.8% | $594-21.4% |