Filed January 11, 2024
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| Provider | Service type | Compensation |
|---|---|---|
INGHAM & COMPANY10+ years Service code 13 · EIN 65-0170152 | Contract Administrator | $136,008 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,839 | $54,193-56.0% | $93,606-74.5% | $77,643-69.3% |
| Participation rate | 83.9% | 63.9%+19.9pp | 68.7%+15.1pp | 70.6%+13.3pp |
| Annual return | 12.84% | 30.54%-17.7pp | 133.20%-120.4pp | 31.24%-18.4pp |
| Employer contribution / active EE | $347 | $1,168-70.3% | $2,420-85.7% | $2,726-87.3% |
| Participant deferral / active EE | $2,807 | $3,144-10.7% | $4,411-36.4% | $4,647-39.6% |
| Admin fee / account holder | $188 | $576-67.3% | $8,285-97.7% | $430-56.2% |