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 | Direct payment from the plan; Plan Ad... | $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.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant exceed $250,000 - top-decile high-value plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $353,495 | $119,446+195.9% | $150,045+135.6% | $85,563+313.1% |
| Participation rate | 87.5% | 75.4%+12.1pp | 82.3%+5.2pp | 66.0%+21.5pp |
| Annual return | 15.00% | 23.72%-8.7pp | 62.55%-47.6pp | 31.51%-16.5pp |
| Employer contribution / active EE | $14,198 | $4,078+248.1% | $4,693+202.5% | $2,654+435.0% |
| Participant deferral / active EE | $8,384 | $7,985+5.0% | $7,997+4.8% | $4,375+91.6% |
| Admin fee / account holder | $422 | $548-22.9% | $13,435-96.9% | $834-49.4% |