Filed May 17, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 16-1450952 | Recordkeeping | $59,466 |
Service code 59 · EIN 94-1737782 | Shareholder Servicing | $1,221 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $110,912 | $66,319+67.2% | $93,621+18.5% | $65,185+70.1% |
| Participation rate | 99.2% | 74.0%+25.2pp | 75.8%+23.4pp | 70.2%+29.0pp |
| Annual return | 26.57% | 42.59%-16.0pp | 32.76%-6.2pp | 29.38%-2.8pp |
| Employer contribution / active EE | $3,529 | $2,013+75.3% | $2,719+29.8% | $2,177+62.1% |
| Participant deferral / active EE | $5,873 | $3,343+75.7% | $4,070+44.3% | $3,514+67.1% |
| Admin fee / account holder | $413 | $6,900-94.0% | $7,890-94.8% | $847-51.2% |