Filed June 2, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $56,872 |
Service code 27 · EIN 47-2368024 | Advisory (Plan) | $10,319 |
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 | $122,367 | $93,182+31.3% | $146,647-16.6% | $79,389+54.1% |
| Participation rate | 97.9% | 76.4%+21.5pp | 80.1%+17.8pp | 70.7%+27.2pp |
| Annual return | 11.44% | 21.61%-10.2pp | 22.75%-11.3pp | 116.89%-105.5pp |
| Employer contribution / active EE | $2,070 | $2,420-14.5% | $4,137-50.0% | $2,428-14.8% |
| Participant deferral / active EE | $5,297 | $4,169+27.1% | $5,506-3.8% | $4,046+30.9% |
| Admin fee / account holder | $370 | $585-36.8% | $10,281-96.4% | $626-41.0% |