Filed July 19, 2019
Total covered: 13 employees
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 71-0294708 | Recordkeeping | $47,711 |
VBA BENEFITS CORPORATION4 years Service code 99 · EIN 54-1741662 | Other Fees | $25,965 |
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 | $73,023 | $130,294-44.0% | $170,057-57.1% | $71,529+2.1% |
| Participation rate | 96.8% | 86.2%+10.7pp | 87.0%+9.8pp | 67.9%+28.9pp |
| Annual return | 14.39% | 20.36%-6.0pp | 53.42%-39.0pp | 28.97%-14.6pp |
| Employer contribution / active EE | $2,094 | $4,385-52.2% | $6,790-69.2% | $2,590-19.1% |
| Participant deferral / active EE | $3,647 | $6,928-47.4% | $10,411-65.0% | $4,291-15.0% |
| Admin fee / account holder | $475 | $966-50.8% | $12,826-96.3% | $1,588-70.1% |