Filed November 25, 2014
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 35-0145825 | Recordkeeping | $66,646 |
Filed as: INDEPENDENT FIN PARTNERS Service code 26 · EIN 59-3331424 | Advisory (Participants) | $36,061 |
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.
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 | $21,209 | $81,537-74.0% | $149,721-85.8% | $69,631-69.5% |
| Participation rate | 92.5% | 86.1%+6.4pp | 87.1%+5.5pp | 70.7%+21.9pp |
| Annual return | 18.79% | 22.79%-4.0pp | 1501.67%-1482.9pp | 27571.02%-27552.2pp |
| Employer contribution / active EE | $582 | $3,239-82.0% | $5,444-89.3% | $2,032-71.4% |
| Participant deferral / active EE | $5,139 | $4,994+2.9% | $6,568-21.8% | $3,224+59.4% |
| Admin fee / account holder | $48 | $107-54.9% | $11,282-99.6% | $110-56.3% |