Filed January 10, 2023
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| Provider | Service type | Compensation |
|---|---|---|
BDO USA, LLP1 year Filed as: BDO Service code 10 · EIN 13-5381590 | Accounting | $63,832 |
Filed as: ONEDIGITAL INVESTMENT ADVISORS Service code 27 · EIN 43-1451524 | Advisory (Plan) | $44,587 |
Service code 15 · EIN 13-3689044 | Recordkeeping | $36,342 |
ASCENSUS LLC4 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843 | Recordkeeping | $6,206 |
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 | $90,439 | $130,294-30.6% | $170,057-46.8% | $71,529+26.4% |
| Participation rate | 90.7% | 86.2%+4.5pp | 87.0%+3.7pp | 67.9%+22.7pp |
| Annual return | 24.61% | 20.36%+4.2pp | 53.42%-28.8pp | 28.97%-4.4pp |
| Employer contribution / active EE | $4,801 | $4,385+9.5% | $6,790-29.3% | $2,590+85.4% |
| Participant deferral / active EE | $16,554 | $6,928+139.0% | $10,411+59.0% | $4,291+285.8% |
| Admin fee / account holder | $623 | $966-35.6% | $12,826-95.1% | $1,588-60.8% |