Filed August 3, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MILLENIUM INVESTMENT AND RET Service code 26 · EIN 94-3428956 | Advisory (Participants) | $7,369 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $2,152 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $82,914 | $55,470+49.5% | $155,556-46.7% | $74,478+11.3% |
| Participation rate | 54.3% | 61.9%-7.6pp | 78.2%-23.9pp | 67.2%-12.9pp |
| Annual return | 40.17% | 269.80%-229.6pp | 64.84%-24.7pp | 1370.56%-1330.4pp |
| Employer contribution / active EE | $116 | $2,267-94.9% | $4,675-97.5% | $2,626-95.6% |
| Participant deferral / active EE | $1,846 | $2,838-35.0% | $5,631-67.2% | $4,350-57.6% |
| Admin fee / account holder | $435 | $1,744-75.0% | $15,885-97.3% | $1,946-77.6% |