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| Provider | Service type | Compensation |
|---|---|---|
Filed as: AVANTAX RETIREMENT PLAN SERVICES Service code 15 · EIN 42-1447865 | Recordkeeping | $40,267 |
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.
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 | $82,023 | $72,639+12.9% | $90,766-9.6% | $66,949+22.5% |
| Participation rate | 69.5% | 73.7%-4.2pp | 75.7%-6.2pp | 69.8%-0.3pp |
| Annual return | -15.39% | -12.28%-3.1pp | -12.16%-3.2pp | 1.57%-17.0pp |
| Employer contribution / active EE | $481 | $2,369-79.7% | $2,922-83.5% | $2,545-81.1% |
| Participant deferral / active EE | $3,838 | $3,979-3.5% | $4,565-15.9% | $4,239-9.5% |
| Admin fee / account holder | $458 | $708-35.3% | $8,446-94.6% | $594-22.9% |