Filed November 2, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $88,816 |
BENEFIT RESOURCES, INC.1 year Service code 13 · EIN 68-0198481 | Contract Administrator | $1,500 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $98,891 | $81,504+21.3% | $102,437-3.5% | $80,959+22.1% |
| Participation rate | 86.7% | 66.9%+19.9pp | 74.5%+12.2pp | 67.7%+19.1pp |
| Annual return | 10.26% | 25.60%-15.3pp | 24.95%-14.7pp | 35.67%-25.4pp |
| Employer contribution / active EE | $11,127 | $3,104+258.5% | $3,871+187.5% | $2,757+303.6% |
| Participant deferral / active EE | $2,106 | $3,871-45.6% | $5,060-58.4% | $4,300-51.0% |
| Admin fee / account holder | $998 | $6,719-85.1% | $8,388-88.1% | $6,925-85.6% |