| Provider | Service type | Compensation |
|---|---|---|
Filed as: CBIZ MHM, LLC Service code 10 · EIN 34-1874260 | Accounting | $19,128 |
WITHUMSMITH+BROWN, PC1 year Filed as: BROWN SMITH WALLACE Service code 10 · EIN 43-1001367 | Accounting | $12,516 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $8,532 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported that benefits due were not provided when due.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
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 | $80,570 | $184,000-56.2% | $162,185-50.3% | $152,914-47.3% |
| Participation rate | 50.0% | 88.5%-38.5pp | 87.6%-37.6pp | 82.5%-32.5pp |
| Annual return | 18.75% | 150.80%-132.0pp | 115.61%-96.9pp | 345.48%-326.7pp |
| Employer contribution / active EE | $0 | $6,370-100.0% | $5,613-100.0% | $4,764-100.0% |
| Participant deferral / active EE | $0 | $8,033-100.0% | $7,297-100.0% | $5,852-100.0% |
| Admin fee / account holder | $352 | $13,124-97.3% | $10,844-96.8% | $11,601-97.0% |