Filed November 17, 2021
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| Provider | Service type | Compensation |
|---|---|---|
AGH WEALTH ADVISORS, LLC1 year Service code 26 301 N MAIN, SUITE 1700 · WICHITA, KS 67202 | Advisory (Participants) | $29,470 |
Service code 15 301 N MAIN, SUITE 1700 · WICHITA, KS 67202 | Recordkeeping | $12,983 |
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 | $54,555 | $65,453-16.7% | $86,691-37.1% | $66,930-18.5% |
| Participation rate | 80.4% | 75.5%+4.9pp | 76.6%+3.8pp | 69.8%+10.6pp |
| Annual return | -16.56% | -10.89%-5.7pp | 35.94%-52.5pp | 1.57%-18.1pp |
| Employer contribution / active EE | $831 | $2,154-61.4% | $2,837-70.7% | $2,545-67.3% |
| Participant deferral / active EE | $4,715 | $4,102+15.0% | $4,656+1.3% | $4,238+11.3% |
| Admin fee / account holder | $313 | $642-51.3% | $7,492-95.8% | $593-47.3% |