Filed November 29, 2016
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| Provider | Service type | Compensation |
|---|---|---|
GROVE POINT INVESTMENTS LLC2 years Service code 27 · EIN 52-1321340 | Advisory (Plan) | $32,508 |
Service code 37 · EIN 04-2647786 | Loan Processing | $24,017 |
Service code 16 · EIN 75-2866255 | Consulting | $8,628 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $101,080 | $138,385-27.0% | $184,243-45.1% | $80,925+24.9% |
| Participation rate | 93.7% | 83.9%+9.8pp | 86.8%+6.9pp | 67.7%+26.0pp |
| Annual return | 15.35% | 20.02%-4.7pp | 28.82%-13.5pp | 35.65%-20.3pp |
| Employer contribution / active EE | $8,254 | $4,851+70.2% | $6,427+28.4% | $2,756+199.5% |
| Participant deferral / active EE | $6,394 | $7,075-9.6% | $9,132-30.0% | $4,299+48.7% |
| Admin fee / account holder | $459 | $10,489-95.6% | $13,914-96.7% | $6,940-93.4% |