Filed July 21, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $121,561 |
VALMARK ADVISERS INC5 years Filed as: VALMARK ADVISERS Service code 27 · EIN 31-1509466 | Advisory (Plan) | $44,891 |
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 | $102,471 | $122,128-16.1% | $147,117-30.3% | $200,096-48.8% |
| Participation rate | 97.4% | 78.2%+19.3pp | 82.2%+15.2pp | 72.0%+25.4pp |
| Annual return | 16.94% | 30.58%-13.6pp | 420.54%-403.6pp | 34.26%-17.3pp |
| Employer contribution / active EE | $1,417 | $4,093-65.4% | $4,932-71.3% | $3,038-53.4% |
| Participant deferral / active EE | $7,312 | $8,484-13.8% | $8,065-9.3% | $5,090+43.7% |
| Admin fee / account holder | $124 | $180-31.1% | $12,993-99.0% | $269-54.1% |