Filed February 22, 2024
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| Provider | Service type | Compensation |
|---|---|---|
BAC CAPITAL ADVISORS, LLC1+ years Filed as: BAC CAPITAL ADVISORS Service code 26 · EIN 91-1999591 | Advisory (Participants) | $71,728 |
Filed as: RICHARD EKMAN Service code 20 · EIN 91-1321138 | Legal; Trustee (individual) | $12,658 |
BENEFIT ADMINISTRATION, INC.1+ years Filed as: BENEFIT ADMINSTRATION CO LLC Service code 13 · EIN 91-1999591 | Contract Administrator | $9,476 |
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 | $34,876 | $46,745-25.4% | $60,547-42.4% | $52,331-33.4% |
| Participation rate | 93.3% | 58.6%+34.8pp | 68.0%+25.4pp | 68.1%+25.2pp |
| Annual return | -2.73% | 0.61%-3.3pp | 335.64%-338.4pp | 4.54%-7.3pp |
| Employer contribution / active EE | $1,203 | $1,259-4.5% | $2,419-50.3% | $1,882-36.1% |
| Participant deferral / active EE | $4,355 | $2,145+103.1% | $3,328+30.9% | $3,022+44.1% |
| Admin fee / account holder | $332 | $537-38.2% | $4,536-92.7% | $592-43.9% |