Filed May 1, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $6,584 |
Filed as: WILSHIRE ASSOCIATES, INC. Service code 26 · EIN 95-2755361 1299 OCEAN AVE. · SANTA MONICA, CA 90401 | Advisory (Participants) | $5,849 |
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.)
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 | $55,106 | $99,016-44.3% | $93,786-41.2% | $66,949-17.7% |
| Participation rate | 97.2% | 82.1%+15.0pp | 81.0%+16.2pp | 69.8%+27.3pp |
| Annual return | -14.15% | -14.59%+0.4pp | -11.32%-2.8pp | 1.57%-15.7pp |
| Employer contribution / active EE | $2,131 | $4,769-55.3% | $4,328-50.8% | $2,545-16.3% |
| Participant deferral / active EE | $2,572 | $6,689-61.6% | $6,100-57.8% | $4,239-39.3% |
| Admin fee / account holder | $463 | $477-3.1% | $7,184-93.6% | $594-22.1% |