Filed January 3, 2024
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| Provider | Service type | Compensation |
|---|---|---|
INGHAM & COMPANY1+ years Service code 13 · EIN 65-0170152 9155 S. DADELAND BLVD, SUITE 1512 · MIAMI, FL 33156 | Contract Administrator | $39,547 |
LPL FINANCIAL1+ years Service code 61 · EIN 95-2834236 | Finders' fees / placement fees; Distr... | $19,178 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $13,230 | $36,916-64.2% | $156,551-91.5% | $57,658-77.1% |
| Participation rate | 43.2% | 63.4%-20.3pp | 84.0%-40.9pp | 70.2%-27.1pp |
| Annual return | -1.46% | 12.38%-13.8pp | 32.23%-33.7pp | 5.13%-6.6pp |
| Employer contribution / active EE | $366 | $1,571-76.7% | $5,501-93.4% | $1,974-81.5% |
| Participant deferral / active EE | $525 | $1,926-72.7% | $4,871-89.2% | $3,061-82.8% |
| Admin fee / account holder | $47 | $82-42.5% | $13,028-99.6% | $95-49.8% |