Filed February 20, 2020
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| Provider | Service type | Compensation |
|---|---|---|
KDV WEALTH MANAGEMENT, LLC4 years Filed as: BERGANKDV WEALTH MANAGEMENT LLC Service code 27 · EIN 20-8172864 | Advisory (Plan) | $21,908 |
Service code 37 · EIN 04-2647786 | Loan Processing | $18,430 |
CREATIVE PLANNING LLC1 year Service code 27 · EIN 84-4519624 | Advisory (Plan) | $12,218 |
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 | $77,070 | $80,781-4.6% | $102,437-24.8% | $74,478+3.5% |
| Participation rate | 81.7% | 65.7%+16.0pp | 74.5%+7.2pp | 67.2%+14.5pp |
| Annual return | 15.67% | 27.58%-11.9pp | 24.95%-9.3pp | 1370.56%-1354.9pp |
| Employer contribution / active EE | $1,580 | $3,160-50.0% | $3,871-59.2% | $2,626-39.8% |
| Participant deferral / active EE | $5,152 | $3,862+33.4% | $5,060+1.8% | $4,350+18.4% |
| Admin fee / account holder | $350 | $2,372-85.2% | $8,388-95.8% | $1,946-82.0% |