Filed June 26, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903 | Advisory (Plan) | $24,628 |
THE FINWAY GROUP3 years Filed as: THE FINWAY GROUP LLC Service code 13 5625 MILLS CIVIC PKWY STE 101 · WEST DES MOINES, IA 50266 | Contract Administrator | $24,537 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $17,242 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $5,340 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111 | Investment Management | $1,811 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,679 | $71,534-47.3% | $98,462-61.7% | $71,529-47.3% |
| Participation rate | 100.0% | 72.7%+27.3pp | 75.2%+24.8pp | 67.9%+32.1pp |
| Annual return | 15.04% | 32.44%-17.4pp | 21.17%-6.1pp | 28.97%-13.9pp |
| Employer contribution / active EE | $2,280 | $2,399-5.0% | $3,049-25.2% | $2,590-12.0% |
| Participant deferral / active EE | $3,794 | $4,109-7.7% | $4,738-19.9% | $4,291-11.6% |
| Admin fee / account holder | $423 | $1,677-74.8% | $8,875-95.2% | $1,588-73.4% |