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| Provider | Service type | Compensation |
|---|---|---|
SUMMIT FINANCIAL CORPORATION11+ years Filed as: SUMMIT FINANCIAL WEALTH ADVISORS, L Service code 27 PO BOX 53007 · LAFAYETTE, LA 70505 | Advisory (Plan) | $24,659 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $1,012 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $156,179 | $85,515+82.6% | $112,040+39.4% | $67,986+129.7% |
| Participation rate | 40.6% | 68.2%-27.6pp | 76.5%-35.9pp | 57.2%-16.6pp |
| Annual return | 11.72% | 29.68%-18.0pp | 24.52%-12.8pp | 31.67%-19.9pp |
| Employer contribution / active EE | $394 | $2,191-82.0% | $2,954-86.6% | $2,019-80.5% |
| Participant deferral / active EE | $4,048 | $4,014+0.8% | $5,098-20.6% | $3,358+20.5% |
| Admin fee / account holder | $467 | $3,774-87.6% | $12,098-96.1% | $3,203-85.4% |