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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,070 | $80,724-4.5% | $103,333-25.4% | $74,495+3.5% |
| Participation rate | 81.7% | 65.7%+16.0pp | 74.5%+7.2pp | 67.2%+14.5pp |
| Annual return | 15.67% | 27.56%-11.9pp | 24.88%-9.2pp | 1364.94%-1349.3pp |
| Employer contribution / active EE | $1,580 | $3,157-50.0% | $3,868-59.2% | $2,623-39.8% |
| Participant deferral / active EE | $5,152 | $3,860+33.5% | $5,057+1.9% | $4,346+18.6% |
| Admin fee / account holder | $350 | $2,368-85.2% | $8,355-95.8% | $1,942-82.0% |