Filed May 27, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PLEXUS FINANCIAL SERVICES LLC Service code 27 · EIN 27-1746834 | Advisory (Plan) | $21,878 |
ELLIOTT DAVIS, LLC3 years Filed as: ELLIOTT DAVIS, LLC/PLLC Service code 10 · EIN 57-0381582 | Accounting | $21,100 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $18,163 |
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 | $60,014 | $77,523-22.6% | $100,383-40.2% | $80,874-25.8% |
| Participation rate | 93.3% | 77.0%+16.3pp | 81.5%+11.8pp | 67.6%+25.6pp |
| Annual return | 25.18% | 37.21%-12.0pp | 49.26%-24.1pp | 35.62%-10.4pp |
| Employer contribution / active EE | $7,429 | $2,801+165.2% | $3,944+88.4% | $2,756+169.6% |
| Participant deferral / active EE | $11,470 | $6,822+68.1% | $8,086+41.9% | $4,297+166.9% |
| Admin fee / account holder | $350 | $5,899-94.1% | $7,900-95.6% | $6,935-95.0% |