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| Provider | Service type | Compensation |
|---|---|---|
ALLIANCE BENEFIT GROUP4+ years Filed as: ALLIANCE BENEFIT GROUP OF MI, INC. Service code 15 · EIN 38-2738460 | Recordkeeping | $55,137 |
ABG PORTFOLIO STRATEGIES, INC.4+ years Service code 16 · EIN 38-3462761 | Consulting | $43,304 |
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB BANK Service code 15 · EIN 42-1558009 | Recordkeeping | $6,385 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $112,391 | $59,186+89.9% | $76,768+46.4% | $56,287+99.7% |
| Participation rate | 98.2% | 75.2%+23.0pp | 77.0%+21.2pp | 69.9%+28.3pp |
| Annual return | -4.48% | 6.62%-11.1pp | 2.43%-6.9pp | -9.96%+5.5pp |
| Employer contribution / active EE | $4,674 | $1,759+165.8% | $2,485+88.1% | $2,111+121.4% |
| Participant deferral / active EE | $6,767 | $3,255+107.9% | $3,852+75.7% | $3,350+102.0% |
| Admin fee / account holder | $406 | $489-16.9% | $6,675-93.9% | $521-22.0% |