Filed January 10, 2022
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| Provider | Service type | Compensation |
|---|---|---|
SAGEVIEW ADVISORY GROUP, LLC10+ years Service code 27 · EIN 33-0818667 | Advisory (Plan) | $91,807 |
SVRPC, INC.4 years Service code 13 · EIN 62-6319489 | Contract Administrator | $90,000 |
Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 · EIN 84-0467907 | Recordkeeping Fees | $57,308 |
COULTER & JUSTUS8 years Filed as: COULTER & JUSTUS, P.C. Service code 99 · EIN 62-1532536 | Other Fees | $5,897 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $178,928 | $50,815+252.1% | $155,509+15.1% | $77,643+130.5% |
| Participation rate | 87.7% | 63.1%+24.6pp | 78.2%+9.5pp | 70.6%+17.1pp |
| Annual return | 11.09% | 34.80%-23.7pp | 64.67%-53.6pp | 31.24%-20.2pp |
| Employer contribution / active EE | $7,605 | $1,993+281.7% | $4,672+62.8% | $2,726+179.0% |
| Participant deferral / active EE | $4,237 | $2,822+50.2% | $5,626-24.7% | $4,647-8.8% |
| Admin fee / account holder | $378 | $437-13.4% | $15,912-97.6% | $430-12.2% |