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| Provider | Service type | Compensation |
|---|---|---|
MVP PLAN ADMINISTRATORS, INC.3+ years Filed as: MVP PLAN ADMINISTRATORS INC Service code 13 · EIN 56-2263714 15300 WESTON PARKWAY · CARY, NC 27513 | Contract Administrator | $12,313 |
GORDON ASSET MANAGEMENT3+ years Service code 26 · EIN 42-1582751 | Advisory (Participants) | $6,461 |
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.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $114,801 | $71,192+61.3% | $117,861-2.6% | $62,293+84.3% |
| Participation rate | 24.6% | 74.2%-49.6pp | 79.7%-55.1pp | 69.5%-44.9pp |
| Annual return | 15.91% | 18.66%-2.7pp | 335.11%-319.2pp | 28.90%-13.0pp |
| Employer contribution / active EE | $695 | $1,934-64.1% | $3,786-81.6% | $2,042-66.0% |
| Participant deferral / active EE | $1,714 | $3,189-46.3% | $4,482-61.8% | $3,169-45.9% |
| Admin fee / account holder | $539 | $587-8.3% | $8,021-93.3% | $479+12.3% |