Filed July 19, 2019
Total covered: 13 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $49,717 |
VBA BENEFITS CORPORATION2 years Service code 99 · EIN 54-0924883 | Other Fees | $28,160 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,270 | $121,341-42.1% | $189,545-62.9% | $79,389-11.5% |
| Participation rate | 97.5% | 86.1%+11.4pp | 87.8%+9.7pp | 70.7%+26.7pp |
| Annual return | 13.32% | 21.08%-7.8pp | 555.36%-542.0pp | 116.89%-103.6pp |
| Employer contribution / active EE | $3,166 | $3,915-19.1% | $6,162-48.6% | $2,428+30.4% |
| Participant deferral / active EE | $3,896 | $6,395-39.1% | $8,220-52.6% | $4,046-3.7% |
| Admin fee / account holder | $445 | $651-31.7% | $12,049-96.3% | $626-29.0% |