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| Provider | Service type | Compensation |
|---|---|---|
SUMMIT FINANCIAL CORPORATION1+ years Filed as: SUMMIT FINANCIAL WEALTH ADVISORS, L Service code 27 PO BOX 53007 · LAFAYETTE, LA 70505 | Advisory (Plan) | $54,283 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $32,740 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $105,695 | $54,320+94.6% | $67,652+56.2% | $52,331+102.0% |
| Participation rate | 67.9% | 73.6%-5.7pp | 75.7%-7.8pp | 68.1%-0.2pp |
| Annual return | -1.72% | 6.81%-8.5pp | 6625.40%-6627.1pp | 4.54%-6.3pp |
| Employer contribution / active EE | $2,164 | $1,544+40.2% | $2,266-4.5% | $1,882+15.0% |
| Participant deferral / active EE | $4,831 | $2,950+63.8% | $3,560+35.7% | $3,022+59.9% |
| Admin fee / account holder | $481 | $527-8.6% | $4,821-90.0% | $592-18.7% |