Filed May 17, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: CHARTWELL BUSINESS VALUATION, LLC Service code 34 · EIN 71-0870378 | Valuation (appraisals, etc.); Direct ... | $78,279 |
IOWA STATE BANK1 year Filed as: IOWA STATE BANK AND TRUST Service code 21 · EIN 42-0335294 | Bank Trustee | $28,675 |
PFG2+ years Service code 12 · EIN 42-0127290 | Direct payment from the plan; Claims ... | $11,524 |
SHULL & CO CPA2+ years Service code 10 · EIN 42-1172481 | Accounting | $5,500 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $128,465 | $67,606+90.0% | $82,313+56.1% | $70,131+83.2% |
| Participation rate | 100.0% | 72.8%+27.2pp | 76.9%+23.1pp | 69.5%+30.5pp |
| Annual return | 21.06% | 21.57%-0.5pp | 25.88%-4.8pp | 73.14%-52.1pp |
| Employer contribution / active EE | $6,725 | $1,755+283.2% | $2,428+176.9% | $2,342+187.1% |
| Participant deferral / active EE | $0 | $2,987-100.0% | $3,706-100.0% | $3,332-100.0% |
| Admin fee / account holder | $654 | $4,512-85.5% | $5,608-88.3% | $4,645-85.9% |