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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 06-1050034 | Contract Administrator | $73,472 |
IPS RIA, LLC3+ years Filed as: IPS RIA LLC Service code 27 · EIN 47-1445310 | Advisory (Plan) | $28,000 |
EDWARDS AND LEATHERS, P.C.3+ years Filed as: EDWARDS & LEATHERS, P.C. Service code 10 · EIN 20-8739519 | Accounting | $9,000 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,175 | $71,666-7.7% | $117,861-43.9% | $69,631-5.0% |
| Participation rate | 96.1% | 77.5%+18.5pp | 79.7%+16.4pp | 70.7%+25.4pp |
| Annual return | 18.62% | 18.86%-0.2pp | 335.11%-316.5pp | 27571.02%-27552.4pp |
| Employer contribution / active EE | $1,235 | $1,889-34.6% | $3,786-67.4% | $2,032-39.2% |
| Participant deferral / active EE | $3,570 | $3,340+6.9% | $4,482-20.4% | $3,224+10.7% |
| Admin fee / account holder | $349 | $120+190.3% | $8,021-95.6% | $110+216.3% |