Filed June 6, 2022
| Provider | Service type | Compensation |
|---|---|---|
THE VANGUARD GROUP, INC.2+ years Filed as: VANGUARD ADVISERS INC. Service code 26 · EIN 23-2811930 | Advisory (Participants) | $616,741 |
THE VANGUARD GROUP, INC.2+ years Service code 15 · EIN 23-1945930 | Recordkeeping | $162,572 |
AON CONSULTING2+ years Filed as: AON INVESTMENTS USA INC Service code 16 · EIN 36-3109431 | Consulting | $74,419 |
Filed as: HAM LANGSTON & BREZINA LLP Service code 16 · EIN 76-0448495 | Consulting | $47,182 |
Filed as: MORGAN GARRIS LLC Service code 99 · EIN 36-4565693 | Other Fees | $25,570 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $463,104 | $82,978+458.1% | $130,298+255.4% | $74,478+521.8% |
| Participation rate | 96.1% | 73.7%+22.5pp | 76.3%+19.9pp | 70.7%+25.4pp |
| Annual return | 17.98% | 123.05%-105.1pp | 38.90%-20.9pp | 34.37%-16.4pp |
| Employer contribution / active EE | $28,176 | $3,391+730.8% | $4,128+582.6% | $2,637+968.6% |
| Participant deferral / active EE | $17,494 | $5,370+225.8% | $6,790+157.6% | $4,530+286.2% |
| Admin fee / account holder | $389 | $354+9.8% | $6,025-93.5% | $347+12.0% |