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| Provider | Service type | Compensation |
|---|---|---|
SUMMIT FINANCIAL CORPORATION2 years Filed as: SUMMIT FINANCIAL WEALTH ADVISORS Service code 27 PO BOX 53007 · LAFAYETTE, LA 70505 | Advisory (Plan) | $24,683 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $0 |
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.
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 | $83,625 | $79,223+5.6% | $102,460-18.4% | $74,478+12.3% |
| Participation rate | 55.0% | 74.8%-19.8pp | 76.5%-21.5pp | 67.2%-12.2pp |
| Annual return | 9.99% | 54.98%-45.0pp | 29.47%-19.5pp | 1370.56%-1360.6pp |
| Employer contribution / active EE | $0 | $2,363-100.0% | $3,025-100.0% | $2,626-100.0% |
| Participant deferral / active EE | $3,507 | $4,417-20.6% | $5,056-30.6% | $4,350-19.4% |
| Admin fee / account holder | $215 | $2,003-89.3% | $9,460-97.7% | $1,946-89.0% |