Filed August 29, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $27,147 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $99,559 | $52,406+90.0% | $129,207-22.9% | $74,495+33.6% |
| Participation rate | 40.8% | 53.8%-13.0pp | 69.6%-28.8pp | 67.2%-26.4pp |
| Annual return | 12.48% | 15.66%-3.2pp | 9417.33%-9404.8pp | 1364.94%-1352.5pp |
| Employer contribution / active EE | $1,393 | $1,531-9.0% | $4,153-66.5% | $2,623-46.9% |
| Participant deferral / active EE | $4,272 | $2,794+52.9% | $4,168+2.5% | $4,346-1.7% |
| Admin fee / account holder | $306 | $2,633-88.4% | $7,715-96.0% | $1,942-84.2% |