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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 | $81,334+92.0% | $113,397+37.7% | $64,097+143.7% |
| Participation rate | 40.6% | 65.6%-25.1pp | 76.5%-35.9pp | 55.2%-14.6pp |
| Annual return | 11.72% | 32.50%-20.8pp | 23.20%-11.5pp | 34.64%-22.9pp |
| Employer contribution / active EE | $394 | $2,077-81.0% | $2,977-86.8% | $1,891-79.1% |
| Participant deferral / active EE | $4,048 | $3,795+6.7% | $5,076-20.3% | $3,080+31.4% |
| Admin fee / account holder | $467 | $4,208-88.9% | $11,957-96.1% | $3,454-86.5% |