Filed April 21, 2022
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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT6 years Filed as: RBC CAPITAL MARKETS LLC Service code 99 · EIN 41-1416330 | Other Fees | $49,755 |
RSM US LLP5 years Service code 99 · EIN 42-0714325 | Other Fees | $22,500 |
MORNINGSTAR6 years Service code 27 · EIN 36-3297908 | Advisory (Plan) | $5,759 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $172,590 | $86,944+98.5% | $107,525+60.5% | $74,304+132.3% |
| Participation rate | 98.6% | 59.6%+39.1pp | 75.1%+23.5pp | 60.3%+38.3pp |
| Annual return | 17.50% | 23.52%-6.0pp | 181.32%-163.8pp | 29.43%-11.9pp |
| Employer contribution / active EE | $4,882 | $2,757+77.1% | $3,754+30.1% | $2,241+117.8% |
| Participant deferral / active EE | $13,778 | $3,554+287.7% | $5,116+169.3% | $3,767+265.7% |
| Admin fee / account holder | $589 | $3,727-84.2% | $8,919-93.4% | $2,969-80.1% |