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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 27-1835823 | Recordkeeping | $29,322 |
BANKPLUS WEALTH MANAGEMENT6 years Filed as: BANKPLUS WEALTH MANAGEMENT GROUP Service code 26 · EIN 64-0655312 | Advisory (Participants) | $20,105 |
WILLIAMS WEISS HESTER & CO2 years Filed as: WILLIAMS, WEISS, HESTER & CO., PLLC Service code 10 · EIN 64-0317418 | Accounting | $9,500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $8,799 | $65,437-86.6% | $86,698-89.9% | $66,949-86.9% |
| Participation rate | 57.9% | 75.5%-17.6pp | 76.6%-18.7pp | 69.8%-11.9pp |
| Annual return | -16.13% | -10.91%-5.2pp | 35.96%-52.1pp | 1.57%-17.7pp |
| Employer contribution / active EE | $956 | $2,154-55.6% | $2,837-66.3% | $2,545-62.4% |
| Participant deferral / active EE | $1,176 | $4,102-71.3% | $4,656-74.7% | $4,239-72.3% |
| Admin fee / account holder | $347 | $642-46.0% | $7,492-95.4% | $594-41.6% |