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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $59,474 |
FARMER & BETTS5 years Filed as: FARMER & BETTS, INC Service code 13 · EIN 94-3322438 | Contract Administrator | $37,916 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $21,322 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,166 | $91,439-77.9% | $135,974-85.2% | $71,511-71.8% |
| Participation rate | 81.5% | 75.7%+5.9pp | 81.9%-0.4pp | 67.9%+13.6pp |
| Annual return | 61.79% | 29.90%+31.9pp | 68.30%-6.5pp | 28.86%+32.9pp |
| Employer contribution / active EE | $0 | $3,705-100.0% | $4,859-100.0% | $2,589-100.0% |
| Participant deferral / active EE | $4,587 | $7,093-35.3% | $7,760-40.9% | $4,291+6.9% |
| Admin fee / account holder | $500 | $1,267-60.5% | $10,767-95.4% | $1,588-68.5% |