Filed October 12, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL1 year Service code 15 PO BOX 502533 · SAN DIEGO, CA 92150 | Recordkeeping | $11,597 |
PAYCHEX, INC.4+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $8,114 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $17,200 | $73,102-76.5% | $123,552-86.1% | $56,287-69.4% |
| Participation rate | 76.0% | 74.3%+1.7pp | 82.3%-6.3pp | 69.9%+6.2pp |
| Annual return | -5.36% | 3.01%-8.4pp | 119.20%-124.6pp | -9.96%+4.6pp |
| Employer contribution / active EE | $1,683 | $2,977-43.5% | $4,628-63.6% | $2,111-20.3% |
| Participant deferral / active EE | $3,110 | $5,423-42.6% | $6,426-51.6% | $3,350-7.2% |
| Admin fee / account holder | $204 | $554-63.2% | $9,285-97.8% | $521-60.9% |