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| Provider | Service type | Compensation |
|---|---|---|
BLUEWATER ASSET MANAGEMENT3 years Service code 28 4120 EAST BELTLINE AVENUE, SUITE 10 · GRAND RAPIDS, MI 49525 | Investment Management | $38,567 |
Service code 15 P.O. BOX 7248 · COLUMBIA, SC 29202 | Recordkeeping | $8,445 |
LT TRUST COMPANY2 years Filed as: MG TRUST COMPANY, LLC Service code 19 · EIN 73-3182674 | Securities Custodian | $5,749 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $93,913 | $55,446+69.4% | $155,574-39.6% | $74,429+26.2% |
| Participation rate | 100.0% | 61.9%+38.1pp | 78.2%+21.8pp | 67.2%+32.8pp |
| Annual return | 15.12% | 269.20%-254.1pp | 64.87%-49.7pp | 1368.38%-1353.3pp |
| Employer contribution / active EE | $4,974 | $2,266+119.5% | $4,676+6.4% | $2,625+89.5% |
| Participant deferral / active EE | $4,728 | $2,836+66.7% | $5,629-16.0% | $4,348+8.7% |
| Admin fee / account holder | $366 | $1,743-79.0% | $15,914-97.7% | $1,944-81.2% |