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| Provider | Service type | Compensation |
|---|---|---|
Filed as: FAIRHAVEN WEALTH MANAGEMENT LLC Service code 27 · EIN 47-2674388 | Advisory (Plan) | $26,895 |
Service code 37 · EIN 04-2647786 | Loan Processing | $3,900 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $115,598 | $86,298+34.0% | $111,308+3.9% | $85,847+34.7% |
| Participation rate | 100.0% | 73.3%+26.7pp | 77.3%+22.7pp | 69.3%+30.7pp |
| Annual return | 12.76% | 19.99%-7.2pp | 54.67%-41.9pp | 318.61%-305.8pp |
| Employer contribution / active EE | $2,077 | $2,044+1.6% | $2,732-24.0% | $2,565-19.0% |
| Participant deferral / active EE | $5,038 | $3,641+38.4% | $4,487+12.3% | $3,952+27.5% |
| Admin fee / account holder | $417 | $8,189-94.9% | $7,965-94.8% | $6,261-93.3% |