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| Provider | Service type | Compensation |
|---|---|---|
JAMES A. REICHERT2 years Filed as: JAMES RIVER WEALTH ADVISORS Service code 26 15521 MIDLOTHIAN TURNPIKE · MIDLOTHIAN, VA 23113 | Advisory (Participants) | $54,363 |
NEWPORT GROUP, INC.2 years Service code 13 · EIN 27-2037969 | Contract Administrator | $12,743 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $56,031 | $55,449+1.0% | $83,830-33.2% | $56,287-0.5% |
| Participation rate | 93.1% | 68.0%+25.1pp | 76.1%+17.0pp | 69.9%+23.3pp |
| Annual return | -6.41% | -1.38%-5.0pp | 850.97%-857.4pp | -9.96%+3.6pp |
| Employer contribution / active EE | $666 | $2,430-72.6% | $3,631-81.7% | $2,111-68.5% |
| Participant deferral / active EE | $3,393 | $2,935+15.6% | $4,082-16.9% | $3,350+1.3% |
| Admin fee / account holder | $419 | $656-36.1% | $5,479-92.4% | $521-19.6% |