Filed October 23, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $57,027 |
Filed as: IFP ADVISORS, INC Service code 27 · EIN 59-3331424 | Advisory (Plan) | $23,875 |
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 | $113,971 | $76,112+49.7% | $96,534+18.1% | $71,511+59.4% |
| Participation rate | 91.0% | 74.4%+16.6pp | 76.0%+15.0pp | 67.9%+23.1pp |
| Annual return | 14.58% | 22.81%-8.2pp | 25.88%-11.3pp | 28.86%-14.3pp |
| Employer contribution / active EE | $3,524 | $2,248+56.8% | $2,965+18.8% | $2,589+36.1% |
| Participant deferral / active EE | $5,364 | $4,217+27.2% | $4,851+10.6% | $4,291+25.0% |
| Admin fee / account holder | $479 | $2,708-82.3% | $8,253-94.2% | $1,588-69.8% |