Filed April 29, 2020
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| Provider | Service type | Compensation |
|---|---|---|
FTB ADVISORS, INC.9+ years Service code 27 · EIN 62-1254528 | Advisory (Plan) | $60,339 |
ASCENSUS LLC6 years Service code 15 · EIN 11-3665754 | Recordkeeping | $28,627 |
WITHUMSMITH+BROWN, PC6 years Filed as: BROWN EDWARDS Service code 10 · EIN 54-0504608 | Accounting | $17,415 |
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $0 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,931 | $71,523-28.8% | $98,461-48.3% | $71,511-28.8% |
| Participation rate | 60.3% | 72.7%-12.4pp | 75.2%-14.8pp | 67.9%-7.6pp |
| Annual return | 8.55% | 32.43%-23.9pp | 21.17%-12.6pp | 28.86%-20.3pp |
| Employer contribution / active EE | $1,046 | $2,399-56.4% | $3,049-65.7% | $2,589-59.6% |
| Participant deferral / active EE | $3,254 | $4,109-20.8% | $4,738-31.3% | $4,291-24.2% |
| Admin fee / account holder | $479 | $1,676-71.4% | $8,961-94.7% | $1,588-69.8% |