Filed February 8, 2021 (most recent of 2 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
MILLIMAN, INC.4+ years Service code 15 · EIN 91-0675641 | Recordkeeping | $42,819 |
AGRI-INVEST, LLC4+ years Filed as: AGRI-INVEST. LLC Service code 28 · EIN 16-1558455 | Investment Management | $10,771 |
Filed as: CHARLES SCHWAB INVESTMENT MGMT Service code 21 · EIN 94-3106735 | Bank Trustee | $6,136 |
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.)
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $6,888,371 | $260,849+2540.7% | $105,736+6414.7% | $75,289+9049.2% |
| Participation rate | 0.0% | 51.6%-51.6pp | 76.3%-76.3pp | 72.4%-72.4pp |
| Annual return | 27.93% | 10.99%+16.9pp | 6.27%+21.7pp | -0.04%+28.0pp |
| Employer contribution / active EE | $892 | $848+5.2% | $3,268-72.7% | $2,405-62.9% |
| Participant deferral / active EE | $1,670 | $1,553+7.5% | $4,080-59.1% | $3,739-55.3% |
| Admin fee / account holder | $12,167 | $484+2413.3% | $6,913+76.0% | $102+11793.9% |