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| Provider | Service type | Compensation |
|---|---|---|
WARREN AVERETT, LLC2+ years Filed as: WARREN AVERETT ASSET MGMT Service code 15 · EIN 63-1229657 | Recordkeeping | $8,493 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $12,673 | $39,819-68.2% | $67,834-81.3% | $57,658-78.0% |
| Participation rate | 27.8% | 61.2%-33.5pp | 68.8%-41.0pp | 70.2%-42.5pp |
| Annual return | 10.62% | 9.19%+1.4pp | 138.47%-127.9pp | 5.13%+5.5pp |
| Employer contribution / active EE | $468 | $1,277-63.4% | $2,403-80.5% | $1,974-76.3% |
| Participant deferral / active EE | $931 | $2,209-57.9% | $3,160-70.5% | $3,061-69.6% |
| Admin fee / account holder | $106 | $84+27.0% | $4,622-97.7% | $95+12.3% |