Filed March 4, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $34,910 |
Filed as: BURNHAM GIBSON WEALTH ADVISORS INC Service code 27 · EIN 47-5476782 | Advisory (Plan) | $26,857 |
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.)
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 | $64,113 | $46,722+37.2% | $130,660-50.9% | $65,186-1.6% |
| Participation rate | 68.4% | 60.9%+7.5pp | 71.7%-3.3pp | 70.2%-1.8pp |
| Annual return | 24.96% | 24.17%+0.8pp | 1709.29%-1684.3pp | 29.39%-4.4pp |
| Employer contribution / active EE | $2,312 | $1,488+55.4% | $4,092-43.5% | $2,177+6.2% |
| Participant deferral / active EE | $6,865 | $2,545+169.7% | $3,603+90.5% | $3,514+95.4% |
| Admin fee / account holder | $308 | $453-31.9% | $5,463-94.4% | $847-63.6% |