Filed May 1, 2024
Total covered: 6 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $2,882 |
Filed as: WILSHIRE ASSOCIATES INC(USA) Service code 26 · EIN 95-2755361 | Advisory (Participants) | $1,483 |
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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,127 | $55,415+1.3% | $155,509-63.9% | $74,495-24.7% |
| Participation rate | 52.3% | 61.9%-9.6pp | 78.2%-25.9pp | 67.2%-14.9pp |
| Annual return | 12.19% | 268.50%-256.3pp | 64.67%-52.5pp | 1364.94%-1352.8pp |
| Employer contribution / active EE | $1,607 | $2,267-29.1% | $4,672-65.6% | $2,623-38.8% |
| Participant deferral / active EE | $3,301 | $2,836+16.4% | $5,626-41.3% | $4,346-24.0% |
| Admin fee / account holder | $395 | $1,738-77.3% | $15,912-97.5% | $1,942-79.7% |