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| Provider | Service type | Compensation |
|---|---|---|
PARKSIDE FINANCIAL, INC.1 year Filed as: PARKSIDE FINANCIAL INC. Service code 27 · EIN 20-8945387 | Advisory (Plan) | $13,562 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $12,514 |
CHARLES SCHWAB & CO., INC.2 years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,332 | $35,986+51.0% | $77,513-29.9% | $73,493-26.1% |
| Participation rate | 45.7% | 40.8%+4.8pp | 54.2%-8.5pp | 70.7%-25.0pp |
| Annual return | 12.98% | 19.26%-6.3pp | 54.81%-41.8pp | 28.51%-15.5pp |
| Employer contribution / active EE | $122 | $557-78.0% | $987-87.6% | $2,270-94.6% |
| Participant deferral / active EE | $1,022 | $1,198-14.7% | $1,861-45.1% | $3,740-72.7% |
| Admin fee / account holder | $348 | $466-25.4% | $2,859-87.8% | $513-32.2% |