Filed July 19, 2019
Total covered: 13 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 71-0294708 | Recordkeeping | $50,343 |
VBA BENEFITS CORPORATION5 years Service code 99 · EIN 54-1741662 | Other Fees | $27,742 |
Participant 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.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $76,888 | $122,063-37.0% | $184,256-58.3% | $74,478+3.2% |
| Participation rate | 94.2% | 85.5%+8.7pp | 86.8%+7.4pp | 67.2%+27.0pp |
| Annual return | 10.75% | 19.92%-9.2pp | 28.85%-18.1pp | 1370.56%-1359.8pp |
| Employer contribution / active EE | $2,187 | $4,539-51.8% | $6,427-66.0% | $2,626-16.7% |
| Participant deferral / active EE | $3,887 | $7,144-45.6% | $9,133-57.4% | $4,350-10.6% |
| Admin fee / account holder | $528 | $1,253-57.9% | $13,899-96.2% | $1,946-72.9% |