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| Provider | Service type | Compensation |
|---|---|---|
BLUEWATER ASSET MANAGEMENT4 years Service code 28 4120 EAST BELTLINE AVENUE, SUITE 10 · GRAND RAPIDS, MI 49525 | Investment Management | $43,668 |
PENSERV PLAN SERVICES, INC.2 years Service code 15 P.O. BOX 7248 · COLUMBIA, SC 29202 | Recordkeeping | $6,678 |
LT TRUST COMPANY3 years Filed as: MG TRUST COMPANY, LLC Service code 19 · EIN 73-3182674 | Securities Custodian | $1,527 |
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 | $105,842 | $45,343+133.4% | $150,298-29.6% | $67,986+55.7% |
| Participation rate | 100.0% | 51.9%+48.1pp | 77.8%+22.2pp | 57.2%+42.8pp |
| Annual return | 12.83% | 33.28%-20.4pp | 62.79%-50.0pp | 31.67%-18.8pp |
| Employer contribution / active EE | $5,877 | $1,462+302.0% | $4,154+41.5% | $2,019+191.1% |
| Participant deferral / active EE | $5,290 | $2,055+157.5% | $5,453-3.0% | $3,358+57.5% |
| Admin fee / account holder | $339 | $2,250-84.9% | $14,116-97.6% | $3,203-89.4% |