Filed May 28, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
MV CAPITAL MANAGEMENT, INC.6 years Filed as: MV CAPITAL MANAGEMENT Service code 27 · EIN 20-3909364 | Advisory (Plan) | $71,023 |
TIAA7 years Service code 64 · EIN 13-1624203 | Recordkeeping Fees | $34,976 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $188,458 | $47,479+296.9% | $62,929+199.5% | $82,448+128.6% |
| Participation rate | 97.8% | 66.9%+30.9pp | 73.1%+24.7pp | 68.1%+29.7pp |
| Annual return | 12.93% | 20.34%-7.4pp | 1063.93%-1051.0pp | 41.64%-28.7pp |
| Employer contribution / active EE | $11,885 | $1,885+530.4% | $2,505+374.5% | $2,551+365.9% |
| Participant deferral / active EE | $10,667 | $2,870+271.6% | $3,888+174.3% | $4,139+157.7% |
| Admin fee / account holder | $552 | $3,804-85.5% | $5,065-89.1% | $7,234-92.4% |