Filed November 2, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $72,351 |
UBS FINANCIAL SERVICES INC4 years Service code 27 · EIN 13-2638166 | Advisory (Plan) | $67,172 |
ORENDA RETIREMENT, LLC5 years Service code 13 · EIN 36-4877979 | Contract Administrator | $14,250 |
ORENDA RETIREMENT, LLC4 years Filed as: ORENDA RETIREMENT LLC Service code 13 | Contract Administrator | $5,103 |
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 | $29,603 | $50,902-41.8% | $155,534-81.0% | $77,736-61.9% |
| Participation rate | 89.4% | 63.1%+26.4pp | 78.2%+11.2pp | 70.6%+18.9pp |
| Annual return | 12.84% | 34.85%-22.0pp | 64.92%-52.1pp | 31.26%-18.4pp |
| Employer contribution / active EE | $748 | $1,991-62.4% | $4,675-84.0% | $2,728-72.6% |
| Participant deferral / active EE | $3,402 | $2,824+20.5% | $5,630-39.6% | $4,651-26.8% |
| Admin fee / account holder | $332 | $437-23.9% | $15,900-97.9% | $433-23.3% |