Filed February 1, 2022 (most recent of 3 filings on file)
Total covered: 140 employees
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| Provider | Service type | Compensation |
|---|---|---|
AMERICAN FUNDS4 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287 | Directed Trustee | $395,929 |
RBC WEALTH MANAGEMENT2 years Filed as: RBC CAPITAL MARKETS, LLC Service code 27 60 SOUTH 6TH STREET · 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 | $54,206 | $47,540+14.0% | $79,591-31.9% | $89,433-39.4% |
| Participation rate | 66.5% | 54.9%+11.5pp | 69.5%-3.0pp | 71.3%-4.8pp |
| Annual return | -14.24% | -8.05%-6.2pp | 0.18%-14.4pp | -11.88%-2.4pp |
| Employer contribution / active EE | $1,809 | $1,122+61.2% | $2,413-25.1% | $3,021-40.1% |
| Participant deferral / active EE | $1,008 | $1,961-48.6% | $3,986-74.7% | $5,125-80.3% |
| Admin fee / account holder | $16 | $59-73.1% | $6,815-99.8% | $79-80.2% |