Filed September 25, 2024
| Provider | Service type | Compensation |
|---|---|---|
PALLADIUM PARTNERS7+ years Service code 27 · EIN 26-0728851 999 WATERSIDE DR., SUITE 1000 · NORFOLK, VA 23510 | Advisory (Plan) | $30,604 |
BKD, LLP7+ years Filed as: DIXON HUGHES GOODMAN, LLP Service code 10 · EIN 56-0747981 440 MONTICELLO AVE., SUITE 1400 · NORFOLK, VA 23510 | Accounting | $15,240 |
PBMARES, LLP7+ years Service code 10 · EIN 54-0737372 701 TOWN CENTER DR., SUITE 900 · NEWPORT NEWS, VA 23606 | Accounting | $13,076 |
VANDEVENTER BLACK, LLP1 year Filed as: VANDEVENTER BLACK LLP Service code 29 101 WEST MAIN STREET · NORFOLK, VA 23510 | Legal | $10,794 |
HUDSON INSURANCE CO.3 years Filed as: HUDSON INSURANCE COMPANY Service code 22 500 WEST MONROE ST · CHICAGO, IL 60661 | Insurance Broker | $7,300 |
DAVENPORT & COMPANY LLC7+ 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 | $103,205 | $78,682+31.2% | $109,191-5.5% | $85,852+20.2% |
| Participation rate | 100.0% | 68.3%+31.7pp | 75.9%+24.1pp | 69.3%+30.7pp |
| Annual return | 14.36% | 25.09%-10.7pp | 25.76%-11.4pp | 318.66%-304.3pp |
| Employer contribution / active EE | $5,200 | $2,734+90.2% | $3,723+39.7% | $2,566+102.7% |
| Participant deferral / active EE | $2,371 | $3,468-31.6% | $4,653-49.0% | $3,952-40.0% |
| Admin fee / account holder | $698 | $5,470-87.2% | $6,756-89.7% | $6,261-88.9% |