Filed May 1, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $7,681 |
Filed as: WILSHIRE ASSOCIATES, INC. Service code 26 · EIN 95-2755361 1299 OCEAN AVENUE · SANTA MONICA, CA 90401 | Advisory (Participants) | $5,183 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $55,965 | $101,955-45.1% | $112,923-50.4% | $71,529-21.8% |
| Participation rate | 96.2% | 82.1%+14.1pp | 80.5%+15.7pp | 67.9%+28.3pp |
| Annual return | 12.13% | 28.92%-16.8pp | 34.13%-22.0pp | 28.97%-16.8pp |
| Employer contribution / active EE | $2,343 | $4,743-50.6% | $4,570-48.7% | $2,590-9.5% |
| Participant deferral / active EE | $2,528 | $6,771-62.7% | $6,520-61.2% | $4,291-41.1% |
| Admin fee / account holder | $449 | $1,395-67.8% | $7,046-93.6% | $1,588-71.7% |