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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.)
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 | $79,867+95.5% | $120,344+29.8% | $64,340+142.7% |
| Participation rate | 40.6% | 63.0%-22.4pp | 76.7%-36.1pp | 55.2%-14.7pp |
| Annual return | 11.72% | 21.10%-9.4pp | 20.30%-8.6pp | 24.14%-12.4pp |
| Employer contribution / active EE | $394 | $1,925-79.5% | $3,020-86.9% | $1,862-78.8% |
| Participant deferral / active EE | $4,048 | $3,593+12.7% | $5,135-21.2% | $2,980+35.8% |
| Admin fee / account holder | $467 | $5,039-90.7% | $12,742-96.3% | $3,703-87.4% |