Filed December 10, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $44,215 |
LUCID ADVISORS, INC.1 year Filed as: LUCID ADVISORS Service code 27 · EIN 91-2050140 | Advisory (Plan) | $25,358 |
Service code 16 · EIN 91-1770158 | Consulting | $8,502 |
CHRIS T. BENNETT, CPA1 year Filed as: CHRIS T. BENNETT Service code 10 · EIN 53-2505097 | Accounting | $5,500 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported that benefits due were not provided when due.
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 | $141,654 | $48,576+191.6% | $169,452-16.4% | $56,289+151.7% |
| Participation rate | 99.4% | 65.8%+33.5pp | 77.8%+21.6pp | 69.9%+29.5pp |
| Annual return | -6.01% | -2.51%-3.5pp | 1.83%-7.8pp | -9.96%+3.9pp |
| Employer contribution / active EE | $6,182 | $1,559+296.5% | $4,157+48.7% | $2,111+192.8% |
| Participant deferral / active EE | $8,929 | $3,275+172.6% | $5,277+69.2% | $3,350+166.6% |
| Admin fee / account holder | $321 | $435-26.3% | $9,110-96.5% | $521-38.5% |