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 | $77,472-22.5% | $100,415-40.2% | $80,959-25.9% |
| Participation rate | 93.3% | 76.9%+16.3pp | 81.5%+11.7pp | 67.7%+25.6pp |
| Annual return | 25.18% | 37.26%-12.1pp | 49.47%-24.3pp | 35.67%-10.5pp |
| Employer contribution / active EE | $7,429 | $2,800+165.3% | $3,943+88.4% | $2,757+169.5% |
| Participant deferral / active EE | $11,470 | $6,818+68.2% | $8,091+41.8% | $4,300+166.7% |
| Admin fee / account holder | $350 | $5,885-94.1% | $7,906-95.6% | $6,925-95.0% |