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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 304 SAUNDERS ROAD · RIVERWOODS, IL 60015 | Recordkeeping | $11,646 |
HUGHES, SNELL & COMPANY2 years Service code 10 1470 ROYAL PALM SQUARE BLVD. · FORT MYERS, FL 33919 | Accounting | $9,000 |
Filed as: INDEPENDENT FINANCIAL GROUP Service code 26 | Advisory (Participants) | $6,163 |
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.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,839 | $61,166-16.9% | $185,849-72.6% | $79,391-36.0% |
| Participation rate | 36.6% | 66.6%-30.0pp | 81.7%-45.1pp | 70.7%-34.1pp |
| Annual return | 21.86% | 19.45%+2.4pp | 122.10%-100.2pp | 116.88%-95.0pp |
| Employer contribution / active EE | $1,604 | $2,321-30.9% | $5,169-69.0% | $2,428-33.9% |
| Participant deferral / active EE | $3,279 | $2,789+17.6% | $5,569-41.1% | $4,046-18.9% |
| Admin fee / account holder | $453 | $710-36.1% | $16,244-97.2% | $627-27.6% |