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| Provider | Service type | Compensation |
|---|---|---|
MAGII PENSION SERVICES LLC1+ years Filed as: MAGII PENSION SERVICES Service code 13 490 WHEELER RD STE 265 · HAUPPAUGE, NY 117884365 | Contract Administrator | $5,450 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,690 | $65,084-26.7% | $67,681-29.5% | $64,340-25.9% |
| Participation rate | 55.3% | 66.7%-11.4pp | 73.7%-18.4pp | 55.2%+0.1pp |
| Annual return | 14.97% | 20.50%-5.5pp | 590.58%-575.6pp | 24.14%-9.2pp |
| Employer contribution / active EE | $2,294 | $2,398-4.4% | $2,678-14.4% | $1,862+23.2% |
| Participant deferral / active EE | $3,061 | $3,210-4.7% | $3,976-23.0% | $2,980+2.7% |
| Admin fee / account holder | $45 | $1,415-96.8% | $6,100-99.3% | $3,703-98.8% |