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| Provider | Service type | Compensation |
|---|---|---|
ALLIANCE BENEFIT GROUP3+ years Filed as: ALLIANCE BENEFIT GROUP OF MI, INC. Service code 15 · EIN 38-2738460 | Recordkeeping | $27,918 |
PLANTE & MORAN, PLLC3+ years Filed as: PLANTE & MORAN FINANCIAL ADVISORS Service code 10 · EIN 38-3123123 | Accounting | $23,292 |
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009 | Securities Custodian | $5,440 |
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 | $18,359 | $155,795-88.2% | $136,298-86.5% | $69,631-73.6% |
| Participation rate | 78.4% | 75.2%+3.2pp | 81.9%-3.5pp | 70.7%+7.7pp |
| Annual return | 20.02% | 232464.33%-232444.3pp | 5156.27%-5136.2pp | 27571.02%-27551.0pp |
| Employer contribution / active EE | $730 | $2,991-75.6% | $4,696-84.5% | $2,032-64.1% |
| Participant deferral / active EE | $2,161 | $5,394-59.9% | $6,247-65.4% | $3,224-33.0% |
| Admin fee / account holder | $132 | $128+3.2% | $9,244-98.6% | $110+19.9% |