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| Provider | Service type | Compensation |
|---|---|---|
CJM WEALTH MANAGEMENT3+ years Service code 26 724 LONG ISLAND AVE · DEER CREEK, NY 11729 | Advisory (Participants) | $26,020 |
NEWPORT GROUP, INC.2 years Service code 13 · EIN 27-2037969 | Contract Administrator | $16,312 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $20,686 | $74,347-72.2% | $93,621-77.9% | $67,582-69.4% |
| Participation rate | 69.5% | 80.6%-11.1pp | 75.8%-6.3pp | 71.3%-1.8pp |
| Annual return | 18.99% | 28.07%-9.1pp | 32.76%-13.8pp | 378.57%-359.6pp |
| Employer contribution / active EE | $91 | $2,583-96.5% | $2,719-96.7% | $2,148-95.8% |
| Participant deferral / active EE | $2,153 | $4,060-47.0% | $4,070-47.1% | $3,539-39.2% |
| Admin fee / account holder | $137 | $123+11.7% | $7,890-98.3% | $142-3.7% |