Filed June 2, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $54,736 |
Filed as: SEQUOIA FINANCIAL ADVISORS, LLC Service code 27 · EIN 34-1913859 | Advisory (Plan) | $24,327 |
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 | $98,845 | $88,203+12.1% | $165,100-40.1% | $74,478+32.7% |
| Participation rate | 96.5% | 73.1%+23.4pp | 78.6%+17.9pp | 67.2%+29.3pp |
| Annual return | 16.71% | 17.13%-0.4pp | 70.21%-53.5pp | 1370.56%-1353.8pp |
| Employer contribution / active EE | $2,561 | $2,601-1.5% | $4,348-41.1% | $2,626-2.5% |
| Participant deferral / active EE | $4,564 | $4,505+1.3% | $6,035-24.4% | $4,350+4.9% |
| Admin fee / account holder | $402 | $2,235-82.0% | $12,696-96.8% | $1,946-79.3% |