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| Provider | Service type | Compensation |
|---|---|---|
MVP PLAN ADMINISTRATORS, INC.1+ years Filed as: MVP PLAN ADMINISTRATORS INC Service code 13 · EIN 56-2263714 15300 WESTON PARKWAY · CARY, NC 27513 | Contract Administrator | $16,452 |
GORDON ASSET MANAGEMENT1+ years Service code 26 · EIN 42-1582751 | Advisory (Participants) | $14,103 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,759 | $57,108+30.9% | $94,228-20.7% | $52,331+42.9% |
| Participation rate | 30.4% | 72.9%-42.6pp | 78.8%-48.4pp | 68.1%-37.7pp |
| Annual return | -1.71% | 1.47%-3.2pp | 10.68%-12.4pp | 4.54%-6.2pp |
| Employer contribution / active EE | $723 | $1,735-58.4% | $3,587-79.9% | $1,882-61.6% |
| Participant deferral / active EE | $1,794 | $3,040-41.0% | $4,320-58.5% | $3,022-40.6% |
| Admin fee / account holder | $807 | $546+47.7% | $6,269-87.1% | $592+36.4% |