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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GREAT LAKES PENSION ASSOCIATES, INC Service code 50 · EIN 38-2438760 | Direct Payment | $1,125 |
AMERICAN FUNDS1 year Service code 15 · EIN 95-1411037 | Recordkeeping | $225 |
Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 22 312 EAST STREET · ROCHESTER, MI 483072013 | Insurance Broker | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $25,194 | $67,602-62.7% | $82,312-69.4% | $70,126-64.1% |
| Participation rate | 62.6% | 72.8%-10.1pp | 76.9%-14.3pp | 69.5%-6.9pp |
| Annual return | 18.85% | 21.57%-2.7pp | 25.88%-7.0pp | 73.15%-54.3pp |
| Employer contribution / active EE | $815 | $1,755-53.5% | $2,428-66.4% | $2,343-65.2% |
| Participant deferral / active EE | $1,553 | $2,987-48.0% | $3,706-58.1% | $3,332-53.4% |
| Admin fee / account holder | $18 | $4,512-99.6% | $5,608-99.7% | $4,645-99.6% |