Filed October 25, 2021
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| Provider | Service type | Compensation |
|---|---|---|
FINANCIAL ENGINES3+ years Service code 26 · EIN 77-0473565 | Advisory (Participants) | $107,120 |
CLS INVESTMENTS1 year Service code 16 · EIN 13-4109249 | Consulting | $43,813 |
FRONTIER ASSET MANAGEMENT2 years Service code 10 · EIN 83-0331917 | Accounting | $19,300 |
Service code 16 · EIN 13-3954297 | Consulting | $18,505 |
DAVENPORT & COMPANY LLC3+ years Service code 26 · EIN 54-1835842 | Advisory (Participants) | $17,976 |
Filed as: INVESTMENT MANAGEMENT OF VIRGINIA Service code 16 · EIN 54-1994290 | Consulting | $16,714 |
KEITER3+ years Service code 10 · EIN 54-1631262 | Accounting | $13,625 |
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $361,220 | $75,388+379.1% | $123,553+192.4% | $55,727+548.2% |
| Participation rate | 88.5% | 75.7%+12.8pp | 82.3%+6.2pp | 70.9%+17.6pp |
| Annual return | 13.58% | 4.48%+9.1pp | 119.21%-105.6pp | 244.94%-231.4pp |
| Employer contribution / active EE | $6,891 | $3,063+125.0% | $4,628+48.9% | $2,078+231.6% |
| Participant deferral / active EE | $12,597 | $5,651+122.9% | $6,426+96.0% | $3,356+275.4% |
| Admin fee / account holder | $96 | $120-20.0% | $9,284-99.0% | $115-16.8% |