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 | $101,591-6.8% | $147,096-35.6% | $74,429+27.2% |
| Participation rate | 93.1% | 75.5%+17.5pp | 82.2%+10.9pp | 67.2%+25.8pp |
| Annual return | 16.90% | 8746.45%-8729.6pp | 419.75%-402.8pp | 1368.38%-1351.5pp |
| Employer contribution / active EE | $5,391 | $3,813+41.4% | $4,936+9.2% | $2,625+105.4% |
| Participant deferral / active EE | $13,316 | $7,302+82.4% | $8,071+65.0% | $4,348+206.2% |
| Admin fee / account holder | $554 | $1,750-68.3% | $13,005-95.7% | $1,944-71.5% |