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| Provider | Service type | Compensation |
|---|---|---|
JAMES A. REICHERT3 years Filed as: JAMES RIVER WEALTH ADVISORS Service code 26 15521 MIDLOTHIAN TURNPIKE · MIDLOTHIAN, VA 23113 | Advisory (Participants) | $57,922 |
NEWPORT GROUP, INC.3 years Service code 13 · EIN 27-2037969 | Contract Administrator | $13,373 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $5,196 |
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 | $71,404 | $63,114+13.1% | $92,909-23.1% | $65,185+9.5% |
| Participation rate | 86.6% | 68.8%+17.8pp | 76.0%+10.6pp | 70.2%+16.4pp |
| Annual return | 22.76% | 28.75%-6.0pp | 109.44%-86.7pp | 29.38%-6.6pp |
| Employer contribution / active EE | $732 | $2,571-71.5% | $3,653-80.0% | $2,177-66.4% |
| Participant deferral / active EE | $3,654 | $3,108+17.5% | $4,238-13.8% | $3,514+4.0% |
| Admin fee / account holder | $464 | $624-25.7% | $5,795-92.0% | $847-45.3% |