Filed January 8, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
VERATIS INSTITUTIONAL ADVISORS, INC11+ years Service code 27 · EIN 56-2274965 | Advisory (Plan) | $60,000 |
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-1140070 | Contract Administrator | $37,164 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $107,493 | $108,549-1.0% | $156,263-31.2% | $85,563+25.6% |
| Participation rate | 94.2% | 77.1%+17.1pp | 78.9%+15.3pp | 66.0%+28.2pp |
| Annual return | 16.35% | 21.79%-5.4pp | 59.47%-43.1pp | 31.51%-15.2pp |
| Employer contribution / active EE | $2,142 | $2,690-20.3% | $4,333-50.6% | $2,654-19.3% |
| Participant deferral / active EE | $7,029 | $4,800+46.4% | $6,158+14.1% | $4,375+60.6% |
| Admin fee / account holder | $311 | $650-52.1% | $14,255-97.8% | $834-62.7% |