Filed October 23, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $51,812 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,847 | $79,181-19.4% | $102,423-37.7% | $74,429-14.2% |
| Participation rate | 5.5% | 74.8%-69.3pp | 76.5%-71.0pp | 67.2%-61.7pp |
| Annual return | -63.90% | 54.97%-118.9pp | 29.42%-93.3pp | 1368.38%-1432.3pp |
| Employer contribution / active EE | $3,606 | $2,362+52.7% | $3,023+19.3% | $2,625+37.4% |
| Participant deferral / active EE | $5,470 | $4,416+23.9% | $5,054+8.2% | $4,348+25.8% |
| Admin fee / account holder | $2,830 | $2,002+41.4% | $9,455-70.1% | $1,944+45.5% |