Filed May 15, 2023
Total covered: 14 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: AMERICAN PORTFOLIOS ADVISORS INC Service code 27 4250 VETERANS MEMORIAL HWY · HOLBROOK, NY 11741 | Advisory (Plan) | $23,221 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $21,309 |
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,757 | $53,345-48.0% | $121,098-77.1% | $74,419-62.7% |
| Participation rate | 78.1% | 60.0%+18.1pp | 69.5%+8.6pp | 70.7%+7.4pp |
| Annual return | 12.85% | 35.15%-22.3pp | 985.75%-972.9pp | 34.38%-21.5pp |
| Employer contribution / active EE | $1,362 | $1,898-28.3% | $4,164-67.3% | $2,637-48.4% |
| Participant deferral / active EE | $3,772 | $3,221+17.1% | $4,080-7.5% | $4,528-16.7% |
| Admin fee / account holder | $129 | $382-66.1% | $5,644-97.7% | $348-62.8% |