Filed November 3, 2024
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| Provider | Service type | Compensation |
|---|---|---|
AMERICAN FUNDS1 year Service code 14 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071 | Plan Administrator | $52,463 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $2,345 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $93,927 | $82,917+13.3% | $103,333-9.1% | $77,643+21.0% |
| Participation rate | 18.6% | 71.6%-52.9pp | 74.5%-55.9pp | 70.6%-51.9pp |
| Annual return | 17.07% | 19.13%-2.1pp | 24.88%-7.8pp | 31.24%-14.2pp |
| Employer contribution / active EE | $1,310 | $3,552-63.1% | $3,868-66.1% | $2,726-51.9% |
| Participant deferral / active EE | $1,191 | $4,108-71.0% | $5,057-76.4% | $4,647-74.4% |
| Admin fee / account holder | $452 | $638-29.2% | $8,355-94.6% | $430+5.0% |