Filed April 5, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 13-3689044 | Recordkeeping | $63,131 |
THE BANK OF NEW YORK MELLON4 years Filed as: BANK OF AMERICA NA Service code 16 · EIN 13-5674085 | Consulting | $47,741 |
PENSION ASSURANCE LLP1 year Service code 10 · EIN 30-0840934 | Accounting | $13,250 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $94,659 | $101,653-6.9% | $147,080-35.6% | $74,459+27.1% |
| Participation rate | 93.1% | 75.6%+17.5pp | 82.2%+10.9pp | 67.2%+25.8pp |
| Annual return | 16.90% | 8754.98%-8738.1pp | 420.17%-403.3pp | 1369.70%-1352.8pp |
| Employer contribution / active EE | $5,391 | $3,813+41.4% | $4,933+9.3% | $2,626+105.3% |
| Participant deferral / active EE | $13,316 | $7,304+82.3% | $8,066+65.1% | $4,350+206.1% |
| Admin fee / account holder | $554 | $1,752-68.4% | $12,989-95.7% | $1,945-71.5% |