Filed January 25, 2024
Total covered: 196 employees
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| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.3+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $348,936 |
Service code 37 · EIN 04-2647786 | Loan Processing | $296,006 |
GROOM LAW GROUP1 year Filed as: GROOM LAW GROUP, CHARTERED Service code 29 · EIN 52-1219029 | Legal | $169,179 |
RVK, INC.2 years Filed as: RV KUHNS & ASSOCIATES, INC. Service code 27 · EIN 93-0910652 | Advisory (Plan) | $97,850 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 28 · EIN 27-2037969 | Investment Management | $55,000 |
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $219,715 | $102,364+114.6% | $121,663+80.6% | $102,364+114.6% |
| Participation rate | 98.0% | 82.9%+15.2pp | 74.5%+23.6pp | 82.9%+15.2pp |
| Annual return | 14.41% | 13.75%+0.7pp | 147.54%-133.1pp | 13.75%+0.7pp |
| Employer contribution / active EE | $7,882 | $3,994+97.4% | $3,020+161.0% | $3,994+97.4% |
| Participant deferral / active EE | $10,942 | $5,690+92.3% | $4,887+123.9% | $5,690+92.3% |
| Admin fee / account holder | $162 | $214-24.4% | $14,289-98.9% | $214-24.4% |