Filed January 24, 2025
| Provider | Service type | Compensation |
|---|---|---|
HOLLAND & KNIGHT2 years Service code 16 · EIN 59-0663819 | Consulting | $314,927 |
STATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524 | Advisory (Plan) | $154,912 |
CLS INVESTMENTS1 year Filed as: CLS Service code 16 · EIN 13-4109249 | Consulting | $82,935 |
Filed as: CHAS P. SMITH ASSOC Service code 16 · EIN 59-2030217 | Consulting | $39,371 |
LPL FINANCIAL1 year Filed as: ASSET MANAGEMENT-IPA, LPL Service code 16 · EIN 46-3118454 | Consulting | $37,752 |
FLORIDA ATLANTIC S.C1 year Filed as: FLORIDA ATLANTIC S.C. Service code 16 · EIN 65-0746029 | Consulting | $17,268 |
MERCER3+ years Filed as: PAVILION ADVISORY GROUP Service code 27 · EIN 04-3831795 | Advisory (Plan) | $15,000 |
Filed as: RAYMOND JAMES & ASSOCIATES Service code 16 · EIN 59-1237041 | Consulting | $4,563 |
JAFFE TILCHIN INVEST3+ years Service code 16 · EIN 33-1156397 | Consulting | $3,607 |
Service code 16 · EIN 83-0331917 | Consulting | $3,475 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $295,795 | $96,458+206.7% | $136,298+117.0% | $77,958+279.4% |
| Participation rate | 85.2% | 75.4%+9.8pp | 81.9%+3.3pp | 71.6%+13.6pp |
| Annual return | 18.70% | 23.78%-5.1pp | 5156.27%-5137.6pp | 20.87%-2.2pp |
| Employer contribution / active EE | $7,895 | $3,144+151.1% | $4,696+68.1% | $2,310+241.7% |
| Participant deferral / active EE | $9,650 | $5,902+63.5% | $6,247+54.5% | $3,537+172.9% |
| Admin fee / account holder | $304 | $80+277.6% | $9,244-96.7% | $97+212.0% |