Filed June 19, 2023
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| Provider | Service type | Compensation |
|---|---|---|
DUBUQUE BANK & TRUST COMPANY1+ years Service code 15 · EIN 42-0223620 | Recordkeeping | $91,109 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $66,586 | $72,770-8.5% | $67,652-1.6% | $55,191+20.6% |
| Participation rate | 88.3% | 78.8%+9.5pp | 75.7%+12.6pp | 69.2%+19.1pp |
| Annual return | -0.67% | -3.26%+2.6pp | 6625.40%-6626.1pp | 10.78%-11.5pp |
| Employer contribution / active EE | $1,409 | $1,769-20.3% | $2,266-37.8% | $1,899-25.8% |
| Participant deferral / active EE | $2,758 | $3,408-19.1% | $3,560-22.5% | $3,046-9.5% |
| Admin fee / account holder | $388 | $79+392.6% | $4,821-91.9% | $91+327.7% |