Filed March 18, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: RAYMOND JAMES & ASSOCIATES INC Service code 27 · EIN 59-1237041 | Advisory (Plan) | $225,490 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $75,786 |
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $15,726 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $92,974 | $51,288+81.3% | $81,983+13.4% | $73,409+26.7% |
| Participation rate | 85.2% | 64.0%+21.2pp | 69.2%+15.9pp | 72.2%+13.0pp |
| Annual return | 21.61% | 29.48%-7.9pp | 41.31%-19.7pp | 59.29%-37.7pp |
| Employer contribution / active EE | $3,844 | $1,487+158.5% | $2,498+53.9% | $2,234+72.1% |
| Participant deferral / active EE | $8,199 | $2,715+202.0% | $3,722+120.3% | $3,805+115.5% |
| Admin fee / account holder | $314 | $125+150.6% | $5,664-94.5% | $158+98.9% |