Filed January 10, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: RESOURCES INVESTMENT ADVISORS, INC. Service code 27 · EIN 43-1451524 | Advisory (Plan) | $34,853 |
Service code 15 · EIN 13-3689044 | Recordkeeping | $32,025 |
BDO USA, LLP1 year Filed as: BDO USA LLP Service code 10 · EIN 13-5381590 | Accounting | $18,450 |
ASCENSUS LLC2 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843 | Recordkeeping | $1,475 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $82,387 | $121,341-32.1% | $189,545-56.5% | $79,389+3.8% |
| Participation rate | 83.9% | 86.1%-2.2pp | 87.8%-3.9pp | 70.7%+13.2pp |
| Annual return | 17.54% | 21.08%-3.5pp | 555.36%-537.8pp | 116.89%-99.4pp |
| Employer contribution / active EE | $4,907 | $3,915+25.4% | $6,162-20.4% | $2,428+102.1% |
| Participant deferral / active EE | $14,651 | $6,395+129.1% | $8,220+78.2% | $4,046+262.1% |
| Admin fee / account holder | $476 | $651-27.0% | $12,049-96.1% | $626-24.1% |