Filed July 21, 2023
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: WEALTH ENHANCEMNT ADVISORY SERVICES Service code 27 505 HIGHWAY 169 N STE 900 · MINNEAPOLIS, MN 55441 | Advisory (Plan) | $42,301 |
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287 | Directed Trustee | $12,880 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $75,535 | $86,692-12.9% | $119,634-36.9% | $66,949+12.8% |
| Participation rate | 84.7% | 75.6%+9.1pp | 79.3%+5.4pp | 69.8%+14.9pp |
| Annual return | -10.41% | -8.00%-2.4pp | -14.98%+4.6pp | 1.57%-12.0pp |
| Employer contribution / active EE | $2,593 | $2,536+2.2% | $4,232-38.7% | $2,545+1.9% |
| Participant deferral / active EE | $6,117 | $4,360+40.3% | $5,601+9.2% | $4,239+44.3% |
| Admin fee / account holder | $441 | $755-41.5% | $10,329-95.7% | $594-25.6% |