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| Provider | Service type | Compensation |
|---|---|---|
ANCORA ADVISORS3 years Filed as: ANCORA GROUP, INC. Service code 27 · EIN 27-1506603 | Advisory (Plan) | $23,380 |
Filed as: FLEXIBLE BENEFIT SYSTEMS, INC. Service code 15 · EIN 34-1722481 | Recordkeeping | $6,084 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,220 | $81,358-64.1% | $155,556-81.2% | $80,959-63.9% |
| Participation rate | 79.3% | 66.3%+13.0pp | 78.2%+1.1pp | 67.7%+11.6pp |
| Annual return | 14.16% | 33.39%-19.2pp | 64.84%-50.7pp | 35.67%-21.5pp |
| Employer contribution / active EE | $507 | $3,106-83.7% | $4,675-89.2% | $2,757-81.6% |
| Participant deferral / active EE | $5,004 | $3,455+44.8% | $5,631-11.1% | $4,300+16.4% |
| Admin fee / account holder | $313 | $7,994-96.1% | $15,885-98.0% | $6,925-95.5% |