Filed November 3, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 320 PARK AVENUE · NEW YORK, NY 10022 | Recordkeeping | $32,781 |
Filed as: WILSHIRE ASSOCIATES INC. Service code 31 1299 OCEAN AVENUE · SANTA MONICA, CA 90401 | Named fiduciary | $3,487 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,938 | $64,176-12.8% | $112,249-50.2% | $66,938-16.4% |
| Participation rate | 43.7% | 68.4%-24.7pp | 75.1%-31.4pp | 69.8%-26.1pp |
| Annual return | -16.60% | -13.80%-2.8pp | 27.48%-44.1pp | 1.58%-18.2pp |
| Employer contribution / active EE | $3,693 | $3,007+22.8% | $3,636+1.6% | $2,545+45.1% |
| Participant deferral / active EE | $2,197 | $3,694-40.5% | $4,729-53.5% | $4,238-48.2% |
| Admin fee / account holder | $327 | $626-47.7% | $6,412-94.9% | $594-44.9% |