Filed April 14, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $47,852 |
Service code 27 · EIN 35-2552359 | Advisory (Plan) | $46,211 |
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $11,234 |
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 | $68,496 | $82,979-17.5% | $102,383-33.1% | $77,714-11.9% |
| Participation rate | 70.2% | 71.5%-1.3pp | 74.5%-4.3pp | 70.6%-0.4pp |
| Annual return | 15.80% | 19.11%-3.3pp | 24.94%-9.1pp | 31.26%-15.5pp |
| Employer contribution / active EE | $2,362 | $3,554-33.5% | $3,870-39.0% | $2,727-13.4% |
| Participant deferral / active EE | $4,972 | $4,109+21.0% | $5,060-1.7% | $4,649+6.9% |
| Admin fee / account holder | $303 | $639-52.5% | $8,391-96.4% | $433-30.0% |