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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 61-1256314 2353 ALEXANDRIA DRIVE, SUITE 100 · LEXINGTON, KY 40504 | Contract Administrator | $19,501 |
GARNETT RETIREMENT GROUP1 year Filed as: GARNETT RETIREMENT GROUP, INC. Service code 27 275 96TH AVE NORTH, SUITE 4 · ST. PETERSBURG, FL 33702 | Advisory (Plan) | $6,638 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $44,897 | $84,236-46.7% | $170,435-73.7% | $70,126-36.0% |
| Participation rate | 91.7% | 70.8%+20.8pp | 83.6%+8.1pp | 69.5%+22.1pp |
| Annual return | 20.04% | 23.06%-3.0pp | 205.94%-185.9pp | 73.15%-53.1pp |
| Employer contribution / active EE | $2,159 | $3,387-36.3% | $5,432-60.3% | $2,343-7.8% |
| Participant deferral / active EE | $2,319 | $3,086-24.8% | $4,939-53.0% | $3,332-30.4% |
| Admin fee / account holder | $316 | $5,698-94.4% | $13,881-97.7% | $4,645-93.2% |