Filed May 1, 2024
Total covered: 6 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $1,737 |
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 | $102,697 | $61,166+67.9% | $185,849-44.7% | $79,391+29.4% |
| Participation rate | 38.7% | 66.6%-27.9pp | 81.7%-43.0pp | 70.7%-32.0pp |
| Annual return | 12.57% | 19.45%-6.9pp | 122.10%-109.5pp | 116.88%-104.3pp |
| Employer contribution / active EE | $933 | $2,321-59.8% | $5,169-81.9% | $2,428-61.6% |
| Participant deferral / active EE | $1,854 | $2,789-33.5% | $5,569-66.7% | $4,046-54.2% |
| Admin fee / account holder | $700 | $710-1.4% | $16,244-95.7% | $627+11.7% |