Filed September 19, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $24,252 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $151,906 | $100,272+51.5% | $170,057-10.7% | $74,473+104.0% |
| Participation rate | 93.8% | 87.4%+6.4pp | 87.0%+6.8pp | 70.7%+23.0pp |
| Annual return | 116.07% | 66.12%+50.0pp | 53.42%+62.7pp | 34.36%+81.7pp |
| Employer contribution / active EE | $10,862 | $4,266+154.6% | $6,790+60.0% | $2,638+311.7% |
| Participant deferral / active EE | $9,358 | $7,147+30.9% | $10,411-10.1% | $4,530+106.6% |
| Admin fee / account holder | $63 | $235-73.2% | $12,826-99.5% | $347-81.9% |