Filed May 26, 2015 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 13-3689044 | Recordkeeping | $24,138 |
Service code 16 · EIN 47-1411118 | Consulting | $16,567 |
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.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $61,263 | $50,666+20.9% | $76,657-20.1% | $65,185-6.0% |
| Participation rate | 62.7% | 68.8%-6.1pp | 72.1%-9.4pp | 70.2%-7.5pp |
| Annual return | 33.50% | 28.51%+5.0pp | 1166.74%-1133.2pp | 29.38%+4.1pp |
| Employer contribution / active EE | $1,841 | $1,575+16.9% | $2,303-20.1% | $2,177-15.4% |
| Participant deferral / active EE | $5,726 | $2,647+116.3% | $3,335+71.7% | $3,514+63.0% |
| Admin fee / account holder | $311 | $463-32.9% | $6,423-95.2% | $847-63.3% |