Filed February 7, 2023
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| Provider | Service type | Compensation |
|---|---|---|
NFP RETIREMENT INC4 years Filed as: NFP RETIREMENT, INC. Service code 10 · EIN 33-0905143 | Accounting | $29,716 |
THE VANGUARD GROUP, INC.8 years Service code 12 · EIN 23-1945930 | Direct payment from the plan; Claims ... | $16,257 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported that benefits due were not provided when due.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $53,699 | $47,180+13.8% | $149,723-64.1% | $74,473-27.9% |
| Participation rate | 30.1% | 63.4%-33.3pp | 78.8%-48.7pp | 70.7%-40.7pp |
| Annual return | 16.48% | 22.75%-6.3pp | 134.50%-118.0pp | 34.36%-17.9pp |
| Employer contribution / active EE | $562 | $1,907-70.5% | $4,821-88.3% | $2,638-78.7% |
| Participant deferral / active EE | $1,265 | $2,730-53.7% | $5,682-77.7% | $4,530-72.1% |
| Admin fee / account holder | $238 | $343-30.6% | $13,215-98.2% | $347-31.4% |