Filed December 6, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $32,087 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $27,590 |
ORENDA RETIREMENT, LLC3 years Filed as: ORENDA RETIREMENT LLC Service code 13 · EIN 36-4877979 | Contract Administrator | $6,661 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $82,778 | $59,417+39.3% | $93,606-11.6% | $74,495+11.1% |
| Participation rate | 90.9% | 59.7%+31.2pp | 68.7%+22.2pp | 67.2%+23.7pp |
| Annual return | 10.31% | 81.83%-71.5pp | 133.20%-122.9pp | 1364.94%-1354.6pp |
| Employer contribution / active EE | $935 | $1,264-26.0% | $2,420-61.3% | $2,623-64.3% |
| Participant deferral / active EE | $4,885 | $3,050+60.1% | $4,411+10.7% | $4,346+12.4% |
| Admin fee / account holder | $330 | $3,021-89.1% | $8,285-96.0% | $1,942-83.0% |