Filed May 15, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 13-3689044 | Recordkeeping | $18,954 |
Filed as: BANK OF AMERICA NA Service code 27 · EIN 13-5674085 | Advisory (Plan) | $16,789 |
HICKS PENSION SERVICES1 year Filed as: HICKS PENSION SERVICES-FRESNO Service code 15 · EIN 94-2158860 | Recordkeeping | $7,992 |
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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,920 | $62,409-4.0% | $120,368-50.2% | $74,546-19.6% |
| Participation rate | 45.9% | 56.8%-10.9pp | 71.9%-26.0pp | 67.2%-21.4pp |
| Annual return | 12.26% | 18.62%-6.4pp | 107.26%-95.0pp | 1366.03%-1353.8pp |
| Employer contribution / active EE | $1,853 | $1,847+0.4% | $3,465-46.5% | $2,624-29.4% |
| Participant deferral / active EE | $3,118 | $2,888+8.0% | $4,991-37.5% | $4,347-28.3% |
| Admin fee / account holder | $350 | $2,394-85.4% | $9,429-96.3% | $1,944-82.0% |