Filed April 4, 2018
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| Provider | Service type | Compensation |
|---|---|---|
INVESCO1 year Filed as: BROCK HAZZARD AND KNIGHT INVES Service code 27 · EIN 20-2460078 2200 LAKESHORE DR · BIRMINGHAM, AL 35209 | Advisory (Plan) | $46,732 |
NEWPORT GROUP, INC.10+ years Service code 15 · EIN 27-2037969 | Recordkeeping | $36,165 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $167,958 | $108,549+54.7% | $156,263+7.5% | $85,563+96.3% |
| Participation rate | 62.4% | 77.1%-14.7pp | 78.9%-16.5pp | 66.0%-3.5pp |
| Annual return | 15.28% | 21.79%-6.5pp | 59.47%-44.2pp | 31.51%-16.2pp |
| Employer contribution / active EE | $2,269 | $2,690-15.7% | $4,333-47.6% | $2,654-14.5% |
| Participant deferral / active EE | $4,102 | $4,800-14.6% | $6,158-33.4% | $4,375-6.3% |
| Admin fee / account holder | $329 | $650-49.4% | $14,255-97.7% | $834-60.6% |