Filed November 6, 2024
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| Provider | Service type | Compensation |
|---|---|---|
COMMONWEALTH FINANCIAL NETWORK1+ years Service code 27 · EIN 04-2675571 | Advisory (Plan) | $24,830 |
HOMES LOWRY HORN & JOHNSON LTD1+ years Filed as: HOMES,LOWRY,HORN & Service code 10 · EIN 54-0975470 | Accounting | $12,750 |
Service code 37 · EIN 04-2647786 | Loan Processing | $6,525 |
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 | $50,805 | $70,002-27.4% | $115,038-55.8% | $52,331-2.9% |
| Participation rate | 93.8% | 72.1%+21.7pp | 81.4%+12.5pp | 68.1%+25.7pp |
| Annual return | -1.17% | 4.04%-5.2pp | 26.14%-27.3pp | 4.54%-5.7pp |
| Employer contribution / active EE | $2,405 | $2,715-11.4% | $4,608-47.8% | $1,882+27.8% |
| Participant deferral / active EE | $5,561 | $4,920+13.0% | $6,026-7.7% | $3,022+84.0% |
| Admin fee / account holder | $302 | $566-46.6% | $8,175-96.3% | $592-48.9% |