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| Provider | Service type | Compensation |
|---|---|---|
ALLIANCE BENEFIT GROUP2+ years Filed as: ALLIANCE BENEFIT GROUP OF MI, INC. Service code 15 · EIN 38-2738460 | Recordkeeping | $23,959 |
PLANTE & MORAN, PLLC2+ years Filed as: PLANTE & MORAN FINANCIAL ADVISORS Service code 10 · EIN 38-3123123 | Accounting | $20,393 |
Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009 | Securities Custodian | $4,120 |
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 | $17,963 | $80,177-77.6% | $123,894-85.5% | $57,658-68.8% |
| Participation rate | 71.5% | 74.4%-2.9pp | 81.4%-9.9pp | 70.2%+1.3pp |
| Annual return | 8.41% | 17.90%-9.5pp | 47.52%-39.1pp | 5.13%+3.3pp |
| Employer contribution / active EE | $692 | $2,913-76.2% | $4,617-85.0% | $1,974-64.9% |
| Participant deferral / active EE | $2,030 | $5,130-60.4% | $5,984-66.1% | $3,061-33.7% |
| Admin fee / account holder | $127 | $106+19.0% | $8,357-98.5% | $95+33.9% |