Filed September 25, 2024
| Provider | Service type | Compensation |
|---|---|---|
PALLADIUM PARTNERS5+ years Service code 27 · EIN 26-0728851 999 WATERSIDE DR., SUITE 1000 · NORFOLK, VA 23510 | Advisory (Plan) | $27,911 |
BKD, LLP5+ years Filed as: DIXON HUGHES GOODMAN, LLP Service code 10 · EIN 56-0747981 440 MONTICELLO AVE., SUITE 1400 · NORFOLK, VA 23510 | Accounting | $11,500 |
PBMARES, LLP5+ years Service code 10 · EIN 54-0737372 701 TOWN CENTER DR., SUITE 900 · NEWPORT NEWS, VA 23606 | Accounting | $11,402 |
DAVENPORT & COMPANY LLC5+ years Filed as: DAVENPORT & COMPANY, INC. Service code 71 · EIN 54-1835842 5400 DISCOVER PARK BLVD. · WILLIAMSBURG, VA 23188 | Brokerage Fees | $8,771 |
HUDSON INSURANCE CO.1 year Filed as: HUDSON INSURANCE COMPANY Service code 22 500 WEST MONROE ST · CHICAGO, IL 60661 | Insurance Broker | $7,046 |
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 | $90,064 | $65,367+37.8% | $92,916-3.1% | $72,977+23.4% |
| Participation rate | 100.0% | 68.3%+31.7pp | 76.0%+24.0pp | 69.5%+30.5pp |
| Annual return | 18.47% | 42.11%-23.6pp | 109.45%-91.0pp | 81.02%-62.5pp |
| Employer contribution / active EE | $4,895 | $2,594+88.7% | $3,654+34.0% | $2,440+100.6% |
| Participant deferral / active EE | $2,561 | $3,128-18.1% | $4,238-39.6% | $3,608-29.0% |
| Admin fee / account holder | $530 | $4,251-87.5% | $5,796-90.9% | $5,124-89.7% |