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 | $50,554+272.8% | $67,681+178.4% | $87,485+115.4% |
| Participation rate | 97.8% | 67.7%+30.1pp | 73.7%+24.1pp | 68.9%+28.9pp |
| Annual return | 12.93% | 17.81%-4.9pp | 590.58%-577.7pp | 26.06%-13.1pp |
| Employer contribution / active EE | $11,885 | $1,988+497.7% | $2,678+343.8% | $2,596+357.8% |
| Participant deferral / active EE | $10,667 | $2,961+260.2% | $3,976+168.3% | $4,274+149.6% |
| Admin fee / account holder | $552 | $4,132-86.6% | $6,100-90.9% | $7,775-92.9% |