Filed October 9, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $24,095 |
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.
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 | $85,970 | $104,336-17.6% | $159,474-46.1% | $86,821-1.0% |
| Participation rate | 92.5% | 77.7%+14.8pp | 82.8%+9.7pp | 72.3%+20.2pp |
| Annual return | 11.35% | 26.32%-15.0pp | 263.68%-252.3pp | 97.94%-86.6pp |
| Employer contribution / active EE | $6,752 | $3,451+95.6% | $4,831+39.8% | $2,406+180.6% |
| Participant deferral / active EE | $4,799 | $6,837-29.8% | $7,353-34.7% | $4,132+16.1% |
| Admin fee / account holder | $305 | $172+77.0% | $10,802-97.2% | $170+79.8% |