Filed December 18, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $117,091 |
BENEFITS COORDINATORS1 year Filed as: BENEFITS COORDINATORS, INC. Service code 14 · EIN 83-2359120 | Plan Administrator | $60,000 |
KESTRA INVESTMENT SERVICES LLC2+ years Service code 27 · EIN 35-2552359 | Advisory (Plan) | $17,048 |
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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,544 | $201,372-87.8% | $184,260-86.7% | $145,884-83.2% |
| Participation rate | 57.1% | 87.5%-30.3pp | 86.8%-29.7pp | 80.3%-23.2pp |
| Annual return | 10.58% | 29.04%-18.5pp | 28.84%-18.3pp | 551.85%-541.3pp |
| Employer contribution / active EE | $17,854 | $7,024+154.2% | $6,427+177.8% | $4,662+282.9% |
| Participant deferral / active EE | $65,204 | $9,808+564.8% | $9,133+613.9% | $6,690+874.7% |
| Admin fee / account holder | $814 | $16,362-95.0% | $13,898-94.1% | $13,392-93.9% |