Filed January 6, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: AVANTAX RETIREMENT PLAN SERVICES Service code 15 · EIN 42-1447865 | Recordkeeping | $59,916 |
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $88,065 | $52,293+68.4% | $178,499-50.7% | $73,412+20.0% |
| Participation rate | 98.8% | 65.3%+33.4pp | 81.9%+16.9pp | 72.2%+26.6pp |
| Annual return | 15.77% | 34.75%-19.0pp | 151.10%-135.3pp | 59.30%-43.5pp |
| Employer contribution / active EE | $3,344 | $1,735+92.7% | $5,011-33.3% | $2,234+49.7% |
| Participant deferral / active EE | $4,291 | $2,332+84.0% | $5,202-17.5% | $3,806+12.8% |
| Admin fee / account holder | $152 | $127+19.2% | $13,986-98.9% | $158-3.9% |