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| Provider | Service type | Compensation |
|---|---|---|
Filed as: AVANTAX RETIREMENT PLAN SERVICES Service code 15 · EIN 42-1447865 | Recordkeeping | $39,342 |
Service code 21 · EIN 39-0394950 | Bank Trustee | $350 |
Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,077 | $59,584+0.8% | $86,615-30.6% | $79,391-24.3% |
| Participation rate | 53.9% | 67.7%-13.8pp | 71.6%-17.7pp | 70.7%-16.8pp |
| Annual return | 21.10% | 23.15%-2.1pp | 63.51%-42.4pp | 116.88%-95.8pp |
| Employer contribution / active EE | $1,737 | $1,768-1.7% | $2,496-30.4% | $2,428-28.5% |
| Participant deferral / active EE | $2,658 | $3,036-12.5% | $3,699-28.2% | $4,046-34.3% |
| Admin fee / account holder | $385 | $604-36.2% | $5,830-93.4% | $627-38.5% |