Filed August 7, 2024 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: LOCKTON INVESTMENT ADV Service code 27 · EIN 20-8874282 | Advisory (Plan) | $37,500 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $29,539 |
Filed as: NATIONAL BENEFIT SERVICES LLC Service code 13 · EIN 20-3886993 | Contract Administrator | $7,528 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $52,730 | $54,763-3.7% | $90,324-41.6% | $72,976-27.7% |
| Participation rate | 95.9% | 65.2%+30.8pp | 73.3%+22.7pp | 69.5%+26.5pp |
| Annual return | 15.78% | 30.63%-14.9pp | 78.15%-62.4pp | 81.02%-65.2pp |
| Employer contribution / active EE | $5,459 | $2,093+160.8% | $2,856+91.2% | $2,440+123.7% |
| Participant deferral / active EE | $3,542 | $2,887+22.7% | $3,885-8.8% | $3,608-1.8% |
| Admin fee / account holder | $588 | $3,973-85.2% | $5,356-89.0% | $5,124-88.5% |