Filed January 4, 2022
Total covered: 14 employees
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| Provider | Service type | Compensation |
|---|---|---|
SWANSON INVESTMENTS, LLC1+ years Service code 28 115 EAST MAIN STREET · DURHAM, NC 27701 | Investment Management | $57,931 |
BMO HARRIS BANK NA1+ years Service code 15 · EIN 36-2085229 | Recordkeeping | $43,382 |
THE BANK OF NEW YORK MELLON1+ years Filed as: BANK OF NEW YORK Service code 33 1633 BROADWAY · NEW YORK, NY 100196746 | Securities brokerage; Direct payment ... | $22,493 |
Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846 | Recordkeeping | $14,421 |
BAKER TILLY US, LLP1+ years Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP Service code 10 · EIN 39-0859910 | Accounting | $10,600 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $278,350 | $52,681+428.4% | $75,781+267.3% | $59,632+366.8% |
| Participation rate | 100.0% | 67.2%+32.8pp | 75.8%+24.2pp | 68.7%+31.3pp |
| Annual return | -0.98% | 2.95%-3.9pp | 9.68%-10.7pp | 2041.28%-2042.3pp |
| Employer contribution / active EE | $11,353 | $2,193+417.6% | $3,323+241.6% | $2,203+415.5% |
| Participant deferral / active EE | $9,578 | $2,591+269.7% | $3,651+162.3% | $3,192+200.1% |
| Admin fee / account holder | $994 | $3,610-72.5% | $5,299-81.2% | $4,297-76.9% |