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| Provider | Service type | Compensation |
|---|---|---|
Filed as: AVANTAX RETIREMENT PLAN SERVICES Service code 15 · EIN 42-1447865 | Recordkeeping | $73,496 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $57,618 | $101,539-43.3% | $147,041-60.8% | $74,400-22.6% |
| Participation rate | 94.1% | 75.5%+18.5pp | 82.2%+11.9pp | 67.2%+26.9pp |
| Annual return | 12.29% | 8740.84%-8728.6pp | 419.21%-406.9pp | 1367.51%-1355.2pp |
| Employer contribution / active EE | $3,531 | $3,811-7.3% | $4,935-28.4% | $2,624+34.5% |
| Participant deferral / active EE | $6,563 | $7,304-10.1% | $8,071-18.7% | $4,348+50.9% |
| Admin fee / account holder | $445 | $1,749-74.5% | $13,006-96.6% | $1,944-77.1% |