Filed November 30, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 11225 NORTH COMMUNITY HOUSE ROAD · CHARLOTTE, NC 28277 | Recordkeeping Fees | $53,754 |
NFP RETIREMENT INC2 years Filed as: NFP RETIREMENT INC DBA 401K ADVISOR Service code 26 120 VANTIS STE 400 · ALISO VIEJO, CA 926562689 | Advisory (Participants) | $23,001 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $19,525 | $37,196-47.5% | $154,108-87.3% | $55,725-65.0% |
| Participation rate | 23.3% | 64.1%-40.8pp | 83.0%-59.7pp | 70.9%-47.5pp |
| Annual return | -6.17% | 1319.68%-1325.8pp | 735.21%-741.4pp | 244.93%-251.1pp |
| Employer contribution / active EE | $144 | $1,614-91.1% | $5,298-97.3% | $2,078-93.1% |
| Participant deferral / active EE | $722 | $2,068-65.1% | $5,081-85.8% | $3,356-78.5% |
| Admin fee / account holder | $193 | $102+90.3% | $13,411-98.6% | $115+67.9% |