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| Provider | Service type | Compensation |
|---|---|---|
WATKINS ROSS1+ years Filed as: WATKINS, ROSS Service code 15 · EIN 38-1477362 | Recordkeeping | $19,307 |
Filed as: VANDERPLOEG BERGAKKER & ASSOCIATES Service code 10 · EIN 38-2445537 | Accounting | $10,950 |
MATHESON FINANCIAL ADVISORS INC1+ years Service code 10 · EIN 20-0431875 | Accounting | $6,500 |
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB TRUST CO Service code 19 · EIN 42-1558009 | Securities Custodian | $6,046 |
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.)
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 | $76,049 | $70,002+8.6% | $115,038-33.9% | $52,331+45.3% |
| Participation rate | 61.1% | 72.1%-11.0pp | 81.4%-20.2pp | 68.1%-7.0pp |
| Annual return | 0.29% | 4.04%-3.7pp | 26.14%-25.8pp | 4.54%-4.2pp |
| Employer contribution / active EE | $1,488 | $2,715-45.2% | $4,608-67.7% | $1,882-20.9% |
| Participant deferral / active EE | $3,574 | $4,920-27.4% | $6,026-40.7% | $3,022+18.3% |
| Admin fee / account holder | $342 | $566-39.5% | $8,175-95.8% | $592-42.1% |