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| Provider | Service type | Compensation |
|---|---|---|
Filed as: SOUTH STATE RETIREMENT PLAN SERVICE Service code 15 · EIN 27-1803704 | Recordkeeping | $15,481 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,077 | $29,369-11.2% | $77,513-66.4% | $73,412-64.5% |
| Participation rate | 6.1% | 37.9%-31.9pp | 54.2%-48.1pp | 72.2%-66.1pp |
| Annual return | 18.06% | 358.15%-340.1pp | 54.81%-36.7pp | 59.30%-41.2pp |
| Employer contribution / active EE | $0 | $406-100.0% | $987-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $352 | $941-62.6% | $1,861-81.1% | $3,806-90.8% |
| Admin fee / account holder | $324 | $123+164.0% | $2,859-88.7% | $158+105.2% |