Filed May 6, 2021
Total covered: 13 employees
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| Provider | Service type | Compensation |
|---|---|---|
THE LEGEND GROUP1 year Filed as: LEGEND ADVISORY LLC Service code 27 · EIN 13-2935555 | Advisory (Plan) | $11,626 |
Service code 15 · EIN 27-1033755 | Recordkeeping | $5,730 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $2,879 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $10,998 | $75,962-85.5% | $154,111-92.9% | $64,173-82.9% |
| Participation rate | 61.2% | 70.4%-9.2pp | 83.0%-21.8pp | 69.6%-8.3pp |
| Annual return | -10.29% | 30.32%-40.6pp | 735.18%-745.5pp | 7.63%-17.9pp |
| Employer contribution / active EE | $763 | $3,350-77.2% | $5,298-85.6% | $2,381-67.9% |
| Participant deferral / active EE | $892 | $3,175-71.9% | $5,081-82.4% | $3,470-74.3% |
| Admin fee / account holder | $322 | $5,589-94.2% | $13,411-97.6% | $4,887-93.4% |