Filed June 25, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 30-0219031 | Recordkeeping | $40,358 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $50,956 | $89,739-43.2% | $149,721-66.0% | $62,293-18.2% |
| Participation rate | 86.1% | 85.1%+1.0pp | 87.1%-1.0pp | 69.5%+16.6pp |
| Annual return | 15.95% | 21.01%-5.1pp | 1501.67%-1485.7pp | 28.90%-13.0pp |
| Employer contribution / active EE | $872 | $3,233-73.0% | $5,444-84.0% | $2,042-57.3% |
| Participant deferral / active EE | $3,660 | $4,797-23.7% | $6,568-44.3% | $3,169+15.5% |
| Admin fee / account holder | $432 | $551-21.7% | $11,282-96.2% | $479-9.9% |