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| Provider | Service type | Compensation |
|---|---|---|
Filed as: SEABRIDGE WEALTH MANAGEMENT Service code 55 1 BEACH DRIVE SOUTHEAST SUITE 220 · ST. PETERSBERG, FL 33701 | Other Commissions | $14,516 |
ADP BROKER-DEALER1 year Filed as: ADP Service code 64 · EIN 57-1198022 | Recordkeeping Fees | $9,857 |
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294705 | Recordkeeping Fees | $5,823 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $37,736 | $51,466-26.7% | $78,778-52.1% | $62,293-39.4% |
| Participation rate | 67.4% | 59.8%+7.6pp | 69.2%-1.8pp | 69.5%-2.2pp |
| Annual return | 7.37% | 19.96%-12.6pp | 35.62%-28.2pp | 28.90%-21.5pp |
| Employer contribution / active EE | $154 | $827-81.4% | $1,986-92.2% | $2,042-92.4% |
| Participant deferral / active EE | $1,758 | $2,147-18.2% | $2,958-40.6% | $3,169-44.5% |
| Admin fee / account holder | $274 | $489-44.1% | $5,134-94.7% | $479-42.9% |