Filed March 8, 2024 (most recent of 2 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
FORVIS, LLP1+ years Filed as: WEISERMAZARS LLP Service code 10 · EIN 13-1459550 | Accounting | $25,015 |
AON CONSULTING1+ years Filed as: AON HEWITT Service code 15 · EIN 36-2235791 | Recordkeeping | $10,419 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $54,649 | $70,667-22.7% | $123,105-55.6% | $52,331+4.4% |
| Participation rate | 53.8% | 83.7%-30.0pp | 86.8%-33.0pp | 68.1%-14.3pp |
| Annual return | 1.84% | 6.23%-4.4pp | 13.22%-11.4pp | 4.54%-2.7pp |
| Employer contribution / active EE | $957 | $2,946-67.5% | $5,151-81.4% | $1,882-49.1% |
| Participant deferral / active EE | $2,307 | $4,493-48.7% | $6,229-63.0% | $3,022-23.7% |
| Admin fee / account holder | $331 | $506-34.6% | $9,014-96.3% | $592-44.0% |