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) | $39,273 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $37,922 |
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 | $28,134 | $58,778-52.1% | $129,207-78.2% | $77,643-63.8% |
| Participation rate | 99.7% | 59.2%+40.4pp | 69.6%+30.1pp | 70.6%+29.1pp |
| Annual return | 11.94% | 24.73%-12.8pp | 9417.33%-9405.4pp | 31.24%-19.3pp |
| Employer contribution / active EE | $1,674 | $1,952-14.3% | $4,153-59.7% | $2,726-38.6% |
| Participant deferral / active EE | $4,686 | $3,212+45.9% | $4,168+12.4% | $4,647+0.8% |
| Admin fee / account holder | $184 | $589-68.7% | $7,715-97.6% | $430-57.2% |