Filed January 14, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $33,379 |
Service code 27 · EIN 82-0759826 | Advisory (Plan) | $9,927 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,822 | $56,540-43.7% | $185,849-82.9% | $86,821-63.3% |
| Participation rate | 35.5% | 65.5%-30.0pp | 81.7%-46.2pp | 72.3%-36.7pp |
| Annual return | 14.78% | 118.20%-103.4pp | 122.10%-107.3pp | 97.94%-83.2pp |
| Employer contribution / active EE | $444 | $1,844-75.9% | $5,169-91.4% | $2,406-81.6% |
| Participant deferral / active EE | $958 | $2,555-62.5% | $5,569-82.8% | $4,132-76.8% |
| Admin fee / account holder | $321 | $150+114.3% | $16,244-98.0% | $170+89.2% |