Filed October 5, 2022
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| Provider | Service type | Compensation |
|---|---|---|
MILLIMAN, INC.3 years Filed as: MILLIMAN Service code 15 · EIN 91-0675641 | Recordkeeping | $44,541 |
IRONSHORE FINANCIAL, LLC7 years Service code 27 · EIN 82-5023101 | Advisory (Plan) | $34,000 |
Service code 12 · EIN 75-2866255 | Plan Administrator; Other fees; Named... | $33,160 |
MATRIX TRUST COMPANY3 years Service code 19 · EIN 75-3182674 | Securities Custodian | $21,158 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $353,495 | $110,483+220.0% | $145,433+143.1% | $79,634+343.9% |
| Participation rate | 87.5% | 71.1%+16.4pp | 82.1%+5.4pp | 62.5%+25.0pp |
| Annual return | 15.00% | 24.62%-9.6pp | 66.58%-51.6pp | 36.46%-21.5pp |
| Employer contribution / active EE | $14,198 | $4,053+250.3% | $4,554+211.7% | $2,529+461.4% |
| Participant deferral / active EE | $8,384 | $7,216+16.2% | $7,897+6.2% | $3,835+118.6% |
| Admin fee / account holder | $422 | $680-37.9% | $13,129-96.8% | $1,002-57.9% |