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| Provider | Service type | Compensation |
|---|---|---|
MAGNESS FINANCIAL GROUP, LLC2+ years Service code 27 210 NORTH STATE LINE AVENUE · TEXARKANA, AR 71854 | Advisory (Plan) | $21,307 |
Service code 13 1801 MARKET STREET · PHILADELPHIA, PA 19103 | Contract Administrator | $7,908 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
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 | $46,654 | $56,287-17.1% | $80,977-42.4% | $62,881-25.8% |
| Participation rate | 58.5% | 68.9%-10.4pp | 75.8%-17.3pp | 69.3%-10.8pp |
| Annual return | 5.30% | 22.13%-16.8pp | 17.11%-11.8pp | 20.14%-14.8pp |
| Employer contribution / active EE | $0 | $1,943-100.0% | $3,715-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $1,537 | $4,196-63.4% | $5,696-73.0% | $3,203-52.0% |
| Admin fee / account holder | $501 | $3,742-86.6% | $5,517-90.9% | $4,296-88.3% |