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| Provider | Service type | Compensation |
|---|---|---|
ALLIANCE BENEFIT GROUP1+ years Filed as: ALLIANCE BENEFIT GROUP OF MI, INC. Service code 15 · EIN 38-2738460 | Recordkeeping | $25,316 |
PLANTE & MORAN, PLLC1+ years Filed as: PLANTE & MORAN FINANCIAL ADVISORS Service code 10 · EIN 38-3123123 | Accounting | $20,029 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $19,269 | $88,324-78.2% | $115,038-83.3% | $55,191-65.1% |
| Participation rate | 55.0% | 72.5%-17.5pp | 81.4%-26.3pp | 69.2%-14.1pp |
| Annual return | 3.09% | 6.30%-3.2pp | 26.14%-23.1pp | 10.78%-7.7pp |
| Employer contribution / active EE | $473 | $2,805-83.1% | $4,608-89.7% | $1,899-75.1% |
| Participant deferral / active EE | $1,536 | $5,042-69.5% | $6,026-74.5% | $3,046-49.6% |
| Admin fee / account holder | $169 | $105+59.9% | $8,175-97.9% | $91+85.7% |