Filed May 1, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $7,058 |
Filed as: WILSHIRE ASSOCIATES, INC. Service code 26 · EIN 95-2755361 1299 OCEAN AVE. · SANTA MONICA, CA 90401 | Advisory (Participants) | $6,617 |
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 | $59,246 | $133,040-55.5% | $119,237-50.3% | $79,389-25.4% |
| Participation rate | 98.9% | 80.9%+18.0pp | 82.7%+16.2pp | 70.7%+28.2pp |
| Annual return | 9.38% | 20.05%-10.7pp | 30.70%-21.3pp | 116.89%-107.5pp |
| Employer contribution / active EE | $2,050 | $4,390-53.3% | $4,383-53.2% | $2,428-15.6% |
| Participant deferral / active EE | $2,309 | $6,448-64.2% | $6,112-62.2% | $4,046-42.9% |
| Admin fee / account holder | $448 | $686-34.7% | $7,229-93.8% | $626-28.5% |