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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $68,275 |
HARDY REED LLC1 year Filed as: HARDY REED, LLC Service code 26 | Advisory (Participants) | $23,523 |
MBL WEALTH LLC5 years Service code 26 · EIN 84-3308036 | Advisory (Participants) | $7,214 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $63,565 | $59,402+7.0% | $93,654-32.1% | $74,546-14.7% |
| Participation rate | 80.9% | 59.7%+21.2pp | 68.7%+12.1pp | 67.2%+13.6pp |
| Annual return | 13.63% | 81.86%-68.2pp | 133.34%-119.7pp | 1366.03%-1352.4pp |
| Employer contribution / active EE | $2,096 | $1,265+65.7% | $2,421-13.4% | $2,624-20.1% |
| Participant deferral / active EE | $4,028 | $3,049+32.1% | $4,413-8.7% | $4,347-7.4% |
| Admin fee / account holder | $317 | $3,023-89.5% | $8,282-96.2% | $1,944-83.7% |