Filed August 1, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PARAGON FINANCIAL ADVISORS3+ years Service code 27 · EIN 20-8817933 | Advisory (Plan) | $54,371 |
EPIC RETIREMENT PLAN SERVICES3+ years Service code 15 · EIN 16-1450952 | Recordkeeping | $17,185 |
BRIAUD FINANCIAL PLANNING, INC.3+ years Service code 27 · EIN 74-2620407 | Advisory (Plan) | $12,027 |
CHARLES SCHWAB & CO., INC.3+ years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,198 | $80,781-52.7% | $102,437-62.7% | $74,478-48.7% |
| Participation rate | 98.3% | 65.7%+32.6pp | 74.5%+23.8pp | 67.2%+31.1pp |
| Annual return | 12.24% | 27.58%-15.3pp | 24.95%-12.7pp | 1370.56%-1358.3pp |
| Employer contribution / active EE | $6,370 | $3,160+101.6% | $3,871+64.6% | $2,626+142.6% |
| Participant deferral / active EE | $3,409 | $3,862-11.7% | $5,060-32.6% | $4,350-21.6% |
| Admin fee / account holder | $313 | $2,372-86.8% | $8,388-96.3% | $1,946-83.9% |