Filed September 30, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $71,079 |
LAWING FINANCIAL1+ years Service code 27 · EIN 48-1188446 | Advisory (Plan) | $31,254 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,630 | $37,039-52.4% | $147,617-88.1% | $59,188-70.2% |
| Participation rate | 44.9% | 63.8%-18.9pp | 84.6%-39.8pp | 69.4%-24.6pp |
| Annual return | -2.11% | 7.19%-9.3pp | 61.98%-64.1pp | 5.51%-7.6pp |
| Employer contribution / active EE | $595 | $1,353-56.0% | $5,564-89.3% | $2,098-71.6% |
| Participant deferral / active EE | $766 | $2,094-63.4% | $4,895-84.4% | $3,265-76.5% |
| Admin fee / account holder | $336 | $60+457.8% | $11,612-97.1% | $92+264.2% |