Filed October 21, 2016
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| Provider | Service type | Compensation |
|---|---|---|
SAVANT CAPITAL MANAGEMENT6+ years Service code 27 · EIN 36-3859937 7202 ARGUS DRIVE · ROCKFORD, IL 61107 | Advisory (Plan) | $174,037 |
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.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $119,895 | $52,293+129.3% | $178,490-32.8% | $73,409+63.3% |
| Participation rate | 100.0% | 65.3%+34.7pp | 81.9%+18.1pp | 72.2%+27.8pp |
| Annual return | 8.52% | 34.75%-26.2pp | 151.07%-142.5pp | 59.29%-50.8pp |
| Employer contribution / active EE | $6,722 | $1,735+287.3% | $5,011+34.1% | $2,234+200.9% |
| Participant deferral / active EE | $5,433 | $2,332+133.0% | $5,202+4.5% | $3,805+42.8% |
| Admin fee / account holder | $376 | $127+195.3% | $13,984-97.3% | $158+138.2% |