Filed September 25, 2024
| Provider | Service type | Compensation |
|---|---|---|
PALLADIUM PARTNERS1+ years Service code 27 · EIN 26-0728851 999 WATERSIDE DR., SUITE 1000 · NORFOLK, VA 23510 | Advisory (Plan) | $32,722 |
PBMARES, LLP1+ years Service code 10 · EIN 54-0737372 701 TOWN CENTER DR., SUITE 900 · NEWPORT NEWS, VA 23606 | Accounting | $11,593 |
BKD, LLP1+ years Filed as: DIXON HUGHES GOODMAN, LLP Service code 10 · EIN 56-0747981 701 TOWN CENTER DR., SUITE 700 · NEWPORT NEWS, VA 23606 | Accounting | $9,250 |
VANDEVENTER BLACK, LLP1+ years Service code 29 101 WEST MAIN ST., SUITE 500 · NORFOLK, VA 23510 | Legal | $7,434 |
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO INSURANCE SERVICES USA Service code 22 1014 VINE ST., SUITE 1100 · CINCINNATI, OH 45202 | Insurance Broker | $6,951 |
DAVENPORT & COMPANY LLC1+ years Filed as: DAVENPORT & COMPANY, INC. Service code 71 · EIN 54-1835842 5400 DISCOVER PARK BLVD. · WILLIAMSBURG, VA 23188 | Brokerage Fees | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,205 | $52,678+46.6% | $75,784+1.9% | $59,633+29.5% |
| Participation rate | 100.0% | 67.2%+32.8pp | 75.8%+24.2pp | 68.7%+31.3pp |
| Annual return | 0.13% | 2.95%-2.8pp | 9.68%-9.6pp | 2041.47%-2041.3pp |
| Employer contribution / active EE | $4,592 | $2,193+109.3% | $3,323+38.2% | $2,203+108.5% |
| Participant deferral / active EE | $2,382 | $2,591-8.1% | $3,652-34.8% | $3,192-25.4% |
| Admin fee / account holder | $661 | $3,610-81.7% | $5,300-87.5% | $4,297-84.6% |