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| Provider | Service type | Compensation |
|---|---|---|
PRIAC1 year Service code 14 · EIN 06-1050034 | Plan Administrator | $346,933 |
Service code 37 · EIN 04-2647786 | Loan Processing | $187,293 |
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING Service code 16 · EIN 84-4519624 | Consulting | $70,000 |
LBMC, PC1 year Filed as: LBMC Service code 10 · EIN 62-1199757 | Accounting | $23,000 |
DATASMITH LLC1 year Filed as: DATASMITH, LLC Service code 16 · EIN 20-4257285 | Consulting | $16,950 |
DYNAMARK2 years Service code 38 · EIN 62-0960728 | Participant Communication | $7,997 |
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.
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 | $21,202 | $68,330-69.0% | $149,740-85.8% | $96,393-78.0% |
| Participation rate | 68.2% | 74.6%-6.4pp | 78.8%-10.6pp | 71.3%-3.1pp |
| Annual return | 17.63% | 29.64%-12.0pp | 134.51%-116.9pp | 22.88%-5.2pp |
| Employer contribution / active EE | $232 | $2,139-89.2% | $4,821-95.2% | $3,239-92.8% |
| Participant deferral / active EE | $2,755 | $4,422-37.7% | $5,683-51.5% | $5,455-49.5% |
| Admin fee / account holder | $65 | $52+25.0% | $13,222-99.5% | $74-12.0% |