Filed September 25, 2024
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| Provider | Service type | Compensation |
|---|---|---|
CERITY PARTNERS1 year Filed as: CERITY PARTNERS LLC Service code 27 · EIN 27-1180831 999 WATERSIDE DR., SUITE 1000 · NORFOLK, VA 23510 | Advisory (Plan) | $32,555 |
Service code 29 · EIN 54-1294386 101 WEST MAIN STREET · NORFOLK, VA 23510 | Legal | $13,788 |
PBMARES, LLP8+ years Service code 10 · EIN 54-0737372 701 TOWN CENTER DR., SUITE 900 · NEWPORT NEWS, VA 23606 | Accounting | $13,034 |
FORVIS MAZARS, LLP1 year Filed as: FORVIS, LLP Service code 10 · EIN 44-0160260 440 MONTICELLO AVE., SUITE 1400 · NORFOLK, VA 23510 | Accounting | $10,930 |
HUDSON INSURANCE CO.4 years Filed as: HUDSON INSURANCE COMPANY Service code 22 500 WEST MONROE ST · CHICAGO, IL 60661 | Insurance Broker | $7,938 |
DAVENPORT & COMPANY LLC8+ 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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,916 | $64,707+3.4% | $112,228-40.4% | $68,494-2.3% |
| Participation rate | 100.0% | 67.2%+32.8pp | 75.1%+24.9pp | 67.9%+32.1pp |
| Annual return | -10.56% | -11.40%+0.8pp | 27.45%-38.0pp | -7.84%-2.7pp |
| Employer contribution / active EE | $5,646 | $2,746+105.6% | $3,635+55.3% | $2,596+117.5% |
| Participant deferral / active EE | $2,265 | $3,565-36.5% | $4,728-52.1% | $4,027-43.7% |
| Admin fee / account holder | $735 | $5,232-85.9% | $6,410-88.5% | $5,403-86.4% |