Filed February 1, 2022 (most recent of 3 filings on file)
Total covered: 140 employees
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| Provider | Service type | Compensation |
|---|---|---|
AMERICAN FUNDS6 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287 | Directed Trustee | $320,109 |
RBC WEALTH MANAGEMENT5 years Filed as: RBC CAPITAL MARKETS LLC Service code 27 60 S 6TH ST · MINNEAPOLIS, MN 55402 | Advisory (Plan) | $300,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,641 | $57,150+23.6% | $93,727-24.6% | $106,553-33.7% |
| Participation rate | 57.2% | 49.1%+8.1pp | 68.7%-11.5pp | 69.8%-12.6pp |
| Annual return | 16.04% | 15.81%+0.2pp | 133.83%-117.8pp | 17.37%-1.3pp |
| Employer contribution / active EE | $457 | $1,015-55.0% | $2,421-81.1% | $3,359-86.4% |
| Participant deferral / active EE | $1,760 | $1,853-5.0% | $4,417-60.2% | $5,562-68.4% |
| Admin fee / account holder | $14 | $64-78.7% | $8,292-99.8% | $80-82.8% |